Homebuilder Stocks Sink on Worries Trump Tariffs Could Raise Costs | Global News Avenue

Several housing builders and construction companies’ stocks lost their shares on Monday due to worrying about new shares on Monday tariff Can increase building costs.

Dr. Holdon (DHI), Lennar Corporation (Lunatic), Toll brothers (Trot) And pultgoup (PH) Share a decline of more than 3 % on Monday A wider market decline After President Donald Trump signed Administrative order On weekends, 25 % tariffs are required to impose tariffs on Canada and Mexico, and 10 % tariffs are required to impose China. Tariffs are scheduled to take effect on Tuesday, before Trump Monday Agree delay Tariffs to Canada and Mexico are about a month.

NAHB said that with the rise in building costs, tariffs may increase the price of buyers

Carl Harris, chairman of the National Housing Architects Association, said on Saturday that with the increase in the cost of builders, this move may increase the price of buyers. About 70 % of cork and gypsum comes from Canada and Mexico, respectively. House architecture.

Harris said in a statement: “Tariffs of wood and other building materials have increased building costs and prevented new development costs. Consumers eventually paid tariffs in the form of higher house prices.”

Lennar executives said in the company’s income phone call last month that tariffs may increase the cost of each house they built at $ 5,000 to $ 7,000.