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Tariffs Increase Home Construction Costs – AAF

In new research, AAF’s Tori Smith and Tom Lee calculate the rate hikes affecting housing inflation, with a particular focus on their impact on the costs of home building materials.

Key points:

  • Housing makes up one-third of the consumer price index, and just as headline inflation is still on the rise, so is housing price inflation.
  • This study examines one of the factors contributing to rising housing costs: tariffs on products essential to residential construction, adopted to restrict imports from China.
  • It finds that the trade-weighted average tariff rates for residential construction products from China were more than nine times higher in 2021 than in 2017 before the enactment of these tariffs, and that the rate applicable to products of residential construction in all countries has increased tenfold over the same period.

Read the analysis

#Tariffs #Increase #Home #Construction #Costs #AAF

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