Statement from NAHB Chairman Randy Noel on Chinese Tariffs

Statement from NAHB Chairman Randy Noel on Chinese Tariffs

WASHINGTON – (RealEstateRama) — Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on President Trump’s decision to impose tariffs on an additional $200 billion worth of Chinese imports:

“President Trump’s decision to impose 10 percent tariffs on $200 billion worth of Chinese imports, including $10 billion of goods used by the residential construction sector, could have major ramifications for the housing industry. With housing costs on the rise, this action translates into a tax increase on housing that will rise even more significantly on Jan. 1 when the tariff rate jumps to 25 percent.

“Further, this tax increase is coming on top of the current 20 percent tariffs on softwood lumber imports from Canada. The lumber tariffs have already added thousands of dollars to the price of a typical single-family home.

“With America facing a housing affordability crisis, it is counterproductive to enact policies that will needlessly drive up the cost of housing. We respectfully urge the administration to change course and work to resolve these trade disputes in a manner that won’t harm American businesses and consumers.”

CONTACTS
Elizabeth Thompson
202-266-8495

SHARE
NAHB

NAHB (National Association of Home Builders) is a trade association that helps promote the policies that make housing a national priority. Since 1942, NAHB has been serving its members, the housing industry, and the public at large.

Contact:

Ann Marie Moriarty
202-266-8350

Previous articleNational Housing Conference announces new policy director
Next articleNew SAFETY Act Best Practices Guide to Commercial Building Security Now Available