Housing in America is about to get more expensive, thanks to new tariffs imposed by President Donald Trump that will take effect this Wednesday, October 1.
The new tariffs include a 50 percent tax on imported kitchen cabinets and bathroom vanities, 30 percent on upholstered furniture, and 25 percent on heavy trucks used in construction. These will join existing tariffs on steel, aluminum, and lumber, which have been driving up construction costs this year. Back in April, the National Association of Home Builders (NAHB) estimated that tariffs were adding about $10,900 to the cost of building a typical new home — and that was before the steep August tariffs took effect. No doubt the October ones will only escalate the problem.
Some companies stockpiled materials before the tariffs kicked i