In the last week, headlines about new tariffs have raised fresh concerns about the housing market—and understandably so.

The U.S. has imposed broad tariffs on key trade partners like Canada, Mexico, and China, affecting essential building materials like lumber, drywall, steel, and aluminum. And with Canada supplying 70% of the lumber used in U.S. construction, industry experts are already warning of price hikes.

But while uncertainty often leads to hesitation, we believe informed decisions come from perspective—not panic. So let’s break this down in a way that helps you take smart steps forward.

🔍 What’s Going On?

In short:

• Tariffs of 10%–25% on Canadian lumber may drive new home prices up $9,000–$25,000.
• Drywall and gypsum products from Mexico, and steel and aluminum from China, are also affected.
• Building materials have already risen 34% since 2020, and supply chain pressure is expected to continue.
• Many economists predict slower construction and fewer affordable housing starts.
• The National Association of Home Builders says these tariffs will hurt affordability and reduce supply.

But That’s Not the Whole Story…

While tariffs may increase the cost of materials, they may also cool overall economic activity—which could lower interest rates.

How? Slower growth often leads to a drop in the 10-year Treasury yield, which directly impacts mortgage rates. So even as construction costs rise, some buyers may benefit from better financing options.

That’s why context matters. The real question isn’t “Will the market crash or boom?”—it’s “What’s the smart move for me, given the current landscape?”

How to Think Strategically in Uncertain Times

We’ve helped hundreds of clients navigate ups and downs in the market. Here’s what we’ve learned: uncertainty is a constant—but planning makes all the difference.

✅ Step 1: Know Your Numbers

Before the market changes again, get a clear picture of what you can comfortably afford. That includes:

• Current mortgage rates
• Estimated monthly payment range
• Your credit profile
• Potential impact of rising prices on your ideal home

Want help? We can connect you with trusted local lenders for a pre-approval and affordability snapshot.

✅ Step 2: Understand Timing and Tradeoffs

Is it better to wait for prices to cool? Or lock in a home before construction costs rise further?

There’s no one-size-fits-all answer. But if you’re planning to buy in 2025, now is the time to:

• Start researching builders and resale options
• Understand what’s included in a new build vs. what’s extra
• Explore incentives (especially those offered by builders to offset rising costs)

✅ Step 3: Make the Market Work for You

Here’s the truth: whether it’s tariffs, inflation, or rates—there will always be something to watch. The key is not to get caught waiting for the “perfect” time. It rarely comes.

What matters is whether you’re making a move that aligns with:

• Your financial stability
• Your life stage or family needs
• Your long-term goals for homeownership

We’ve seen it time and time again: those who take the time to plan—even during uncertain times—end up with the strongest outcomes.

We’re Here to Help You Move Forward with Clarity

Whether it’s understanding today’s headlines, the true impact of tariffs, or navigating the Utah housing market, our goal is always to help you make informed, confident decisions—not rushed ones.

Let’s talk about your goals, your timing, and what’s realistic in this market. It doesn’t have to be overwhelming.

📌 Next Step: Click below to explore your options and connect with us today.