Trump Tariffs Drive Up Texas Housing Costs, Raising Concerns Before Hurricane Season
New tariffs on construction materials threaten affordability, supply chains, and disaster recovery efforts, despite exemptions for Canadian lumber.
- The National Association of Home Builders estimates that tariffs have added $9,200 to the cost of building a single-family home, exacerbating Texas's ongoing housing affordability crisis.
- Texas builders warn that tariffs on steel, gypsum, and concrete could lead to material shortages and higher prices, complicating hurricane season preparations and post-disaster recovery.
- Insurance premiums are expected to rise as higher repair and rebuilding costs are passed on to consumers, according to the American Property and Casualty Insurance Association.
- Exemptions for Canadian lumber provide temporary relief, but other imported materials critical to construction face steep tariffs, disrupting supply chains and raising costs nationwide.
- While some experts believe the tariffs could benefit Texas's timber industry in the long term, builders and homebuyers face immediate financial strain due to increased costs and limited supply.