President Donald Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans.

According to the 2024 survey of home builders, the biggest single component of a new home’s total sales price is construction costs, which accounts for around 64.4%.

US home building fell in December, as the housing market continued to slow. December housing starts, a measure of new home construction, dropped by 1.4% from November, and were down 21.8% from a ...

Construction of new homes shot up dramatically to an annual pace of 1.56 million units, a 16% increase from the month before and well above the -0.1% drop that economists forecasted.