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Why Trump steel tariff won’t hurt housing

The Trump administration’s new tariffs on imported steel and aluminum may raise prices on a variety of consumer and commercial products, but will only put minimal strain on the housing industry.

The 25% tariff on steel and the 10% tariff on aluminum are more likely to be a concern for commercial and multifamily construction than the single-family sector, said Tim Rood, managing director at Situs and chairman of consulting firm The Collingwood Group.

“I think for single-family, imported steel and aluminum are going to contribute a small percentage to the home’s cost, but when you talk about multifamily and commercial construction, it’s substantially higher,” said Rood.

Read Article at NationalMortgageNews.com

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