Items Tagged with 'Robert Dietz'

ARTICLES

  • Hey, Mr. President, what about removing lumber tariffs to make homes affordable?

    Tariffs on Canadian lumber add $9,000 to the price of a new house, NAHB said
    Canadian softwood lumber used to build U.S. homes currently carry tariffs of about 20%. That adds $9,000 to the price of a typical new home and more than $3,000 to the cost of a multifamily unit, NAHB said. At a time when all eyes are on U.S. housing affordability issues, the trade dispute with Canada is "needlessly driving up housing costs," Greg Ugalde, chairman of NAHB, said in a statement.
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  • NAHB chief economist: Tariff tweets could be signaling pricier U.S. homes

    Higher construction costs would be passed on to homebuyers
    President Donald Trump’s tweets escalating the U.S.-China trade war weren’t just a threat to the stock markets and the agricultural sector. Housing could be affected as well. "Additional tariffs on a country like China, where we get many of our construction products, are an additional tax on homes," Robert Dietz, chief economist at the National Association of Home Builders, said in an interview.
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  • Construction spending falls for third consecutive month

    Rising interest rates and home prices hinder growth
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2018 was estimated at a seasonally adjusted annual rate of $1.309 trillion, falling 0.1% from the revised September estimate of $1.31 trillion.
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  • Construction spending holds ground

    September sees 7.2% year-over-year gain
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2018 was estimated at a seasonally adjusted annual rate of $1.330 trillion. Notably, the August figure is 7.2% above the September 2017 estimate of $1.24 trillion.
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