Video URL: https://www.youtube.com/watch?v=8EeB2h0uZAw
Sources:
Trump’s tariffs have increased the cost of a new home by over ten thousand dollars… about $10,900 per home. In May 2025, NAHB released survey data showing its member builders estimated an average cost increase of $10,900 per home from tariff actions — HousingWire
The administration says it wants to lower the cost of living and make housing more affordable. January 2025 White House fact sheet stating the goal of delivering price relief and defeating the cost-of-living crisis for American families — The White House
It’s floated declaring a national housing emergency. Reporting that the Trump administration may declare a national housing emergency — Newsweek
It’s taxing the materials homes are built from — softwood lumber… kitchen cabinets, bathroom vanities. September 2025 presidential proclamation imposing a 10% Section 232 tariff on softwood timber and lumber and 25% on kitchen cabinets and vanities, effective October 14, 2025 — The White House
…the gypsum that goes into drywall… Analysis noting more than half of U.S. gypsum imports come from Canada and Mexico, exposing drywall to import tariffs — Verisk
The Tax Policy Center ran the math. These tariffs add roughly $30 billion to the cost of residential construction, and about 90% of that lands on building new homes. Tax Policy Center modeling finding current tariffs add roughly $30 billion to residential structure investment, with about 90% falling on construction of new homes — Brookings Institution
The lumber tariff runs on Section 232 — the national-security provision of the 1962 Trade Expansion Act. Congressional Research Service explainer describing Section 232 of the Trade Expansion Act of 1962 as the authority allowing tariffs when imports are claimed to threaten national security — Congressional Research Service
…the SCOTUS ruling earlier this year that overturned many of Trump’s tariffs. February 20, 2026 Supreme Court decision in Learning Resources and V.O.S. Selections holding 6-3 that IEEPA does not authorize the President to impose tariffs, striking the reciprocal and fentanyl tariffs — Congressional Research Service
…so it’s unaffected by the SCOTUS ruling. Analysis confirming the February 2026 ruling applied only to IEEPA tariffs, leaving Section 232 tariffs on a separate legal authority intact — Holland & Knight