The US-China trade war is affecting $10 billion worth of goods used in the homebuilding industry — and the US just saw the biggest decline in supply of new homes in 6 years
|08/20/2019||Posted by BusinessMediaguide.Com under General World News||
- In May of 2019, US tariffs on $200 billion worth of Chinese goods were increased to 25%, the National Association of Home Builders (NAHB) reported.
- According to the NAHB, $10 billion worth of goods impacted by the increased tariffs are used by the home-building industry.
- Daryl Fairweather, the chief economist of the real-estate company Redfin, told Business Insider the increased tariffs will continue to limit home building.
- Visit Business Insider’s homepage for more stories.
The United States’ trade war with China hasn’t left the housing industry untouched.
In May, tariffs on $200 billion worth of Chinese goods were increased from read more >>>