Zonda’s chief economist never thought Trump, the only real estate mogul-turned-president, would place tariffs on building materials when housing is already so unaffordable. She was wrong

Quick Summary:

Ali Wolf went from feeling somewhat optimistic about the housing market to concerned in a matter of months.

So far, the Trump administration has either threatened, plans to, or placed tariffs on lumber, aluminum, and steel—all used in the construction of homes.

Earlier this month, the S&P 500 slipped into correction territory on the back of on-again, off-again tariffs, and there are mass layoffs occurring in the federal government, so consumer sentiment is plummeting as a result.

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Article Details

Author / Journalist: Alena Botros

Category: EconomyBusiness

Markets: United States

Topics: Tariffs and trade Construction Housing costs Home builders Economy Housing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 11:07:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 693 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 139 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27367645

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Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 8 hours ago

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