Quotes
Canada and Mexico account for over 90% of all Montana imports, versus just 5% for Hawaii,
What they're saying ... Anthony says Even with a smaller portion of our lumber coming from Canada, and some materials from Mexico, we will all be affected—which, in turn, can impact consumers and their ability to purchase a home in the short-term,
said Sheryl Palmer, CEO of Arizona-based homebuilder Taylor Morrison More than 70% of the imports of two essential materials that home builders rely on — softwood lumber and gypsum — come from Canada and Mexico, respectively,
wrote Carl Harris, chairman of the National Association of Home Builders in a release You can run them all out of the country, but who's going to build houses?"
said Bruce McNeilage, CEO of Nashville-based Kinloch Partners, a single-family rental home developer We believe this could make worse the affordability crisis for first-time buyers. On the plus side, it could increase pressure on Congress to enact policies that encourage more entry-level construction including expanded tax credit programs,
wrote Jaret Seiberg, housing policy analyst for TD Cowen Washington Research Group Our economists expect that fully implemented tariffs would have meaningful consequences. A recession in Mexico becomes the base case. US Inflation could be 0.3 to 0.6pp higher vs baseline over the next 3-4 months (putting headline PCE inflation at 2.9% to 3.2%) and US growth could be -0.7 to -1.1pp lower vs baseline over the next 3-4 quarters (putting real GDP growth at 1.2% to 1.6%),
Morgan Stanley strategist Michael Zezas said in a note to clients Sunday While this is a clear warning against retaliation, it has no automatic effect,
There are three reasons why we think the 25% tariffs may not be permanent. First, they would be disruptive for the US, and US business groups are already exerting pressure on the Trump administration. Second, they will be hard to implement due to the high degree of integration in manufacturing in North America. Lastly, we think Canada and Mexico are likely to agree to most of Trump's terms on migration and drugs,
Bank of America global economist Claudio Irigoyen said in a note to clients Monday This is for all the ladies that know the magic that they bring to the room,
Clearly the 10% tariff hike came in quickly and lower, but there remains a lot of uncertainty on the timing and scale of additional tariffs on China,
Wang Tao, chief China economist at UBS Investment Bank told CNBC on Monday We are not revising our 2025 baseline forecast of 4.0% GDP growth for China,
she said, factoring in additional U.S. tariffs of 60% on a quarter of China's exports and greater policy support from Beijing Higher tariffs are inflationary and likely to lead to higher mortgage rates for longer, but how much higher and how much longer depends on a slew of details,
Chen Zhao, who leads the economics team at real estate brokerage Redfin, wrote in a report released on Sunday A substantial portion of U.S. building materials are imported from Canada,
Estimates vary and depend on the specifics of the policy, but the U.S. economy has already been gradually weakening under the strain of high interest rates,
Trump's policies that aim to stimulate economic growth could cause inflation to increase, leading to higher mortgage rates—potentially offsetting some of the advantages of increased income."
Cynthia Seifert, founder of real estate seller leads generator KeyLeads, previously told Newsweek President Trump will deliver on his promise to Make Housing Affordable Again by defeating historic inflation and reducing mortgage rates."
Taylor Rogers, a spokesperson for the Trump-Vance team, previously told Newsweek in a statement Housing demand would weaken if there is significant labor market deterioration,
Additionally, policies on migration and border control play a role. A portion of the construction workforce, especially in the South and Southeast, consists of undocumented immigrants. If stricter immigration policies are enforced, this could lead to a construction labor shortage, further complicating housing affordability."
President Trump will ban mortgages for illegal immigrants who drive up the price of housing, eliminate federal regulations driving up housing costs, open portions of federal land with ultra-low taxes and regulations for large-scale housing construction. The cost of new homes will be cut in half, and President Trump will end the housing affordability crisis."
We consider the announcements to be at the most hawkish end of the protectionist spectrum we could have envisaged,
