March 5, 2025 - 04:29
Tariffs are poised to significantly affect the U.S. housing market, with builders facing increased costs that could range from $7,500 to $10,000 for each home constructed. This alarming forecast comes from the chief economist of the National Association of Home Builders, who emphasizes the potential burden that tariffs on imported materials could impose on the construction industry.
As builders grapple with these rising costs, the implications for homebuyers could be profound. Higher construction expenses may lead to increased prices for new homes, making homeownership less accessible for many Americans. The ripple effects could also extend to the overall economy, as a slowdown in housing development could impact job creation and economic growth.
The construction sector is already navigating challenges such as labor shortages and supply chain disruptions. The addition of tariffs could exacerbate these issues, potentially leading to a slowdown in new housing projects. As the situation unfolds, stakeholders in the housing market will need to adapt to these evolving economic pressures.
June 23, 2025 - 23:14
Katherine Cruz Elevated to Engineering Manager at Hancock AssociatesDanvers, MA—Hancock Associates has announced the promotion of Katherine Cruz, P.E., LEED AP, to the position of Engineering Manager. Known affectionately as `Katie` among her colleagues, Cruz has...
June 23, 2025 - 11:48
Will the US-Iran War Trigger an Economic Crisis in America?As tensions escalate between the United States and Iran, concerns are mounting about the potential repercussions on the American economy. Analysts warn that a prolonged conflict could lead to...
June 22, 2025 - 21:27
This Week's Most Sought-After Brooklyn Properties: A Focus on Ditmas ParkIn the latest round-up of popular Brooklyn listings, attention has shifted to an array of charming properties, including a notable Colonial Revival home in Ditmas Park. These listings showcase the...
June 22, 2025 - 03:50
The Celebrity Influence: Montecito's Real Estate BoomIn recent months, the serene community of Montecito has experienced a dramatic surge in real estate activity, fueled by a blend of celebrity allure and rising buyer anxiety. Nestled in the...