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National Association of Home Builders

Real Estate
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…

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by Chris Spiker
Real Estate
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are facing. Existing-home sales declined 4.9 percent from December 2024 to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors (NAR) said in a news release on Friday, Feb. 21. The median home price climbed 4.8 percent year-over-year to $396,900, the highest amount ever in a month of January. In the Northeast, sales fell 5.7 percent from December to an annual rate of 500,000 homes, though they increased 4.2 percent from January 2024. The m…

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by Chris Spiker
News
Meet Trailblazing Builder Behind Brand-New $2.55M Paramus Property Meet Trailblazing Builder Behind Brand-New $2.55M Paramus Property
Meet Trailblazing Builder Behind Brand-New $2.55M Paramus Property Agnes Wanat was always a builder of sorts. The Paramus resident created a diverse series of businesses throughout North Jersey — until she turned 35, and discovered her passion for building homes far outweighed her desire to own another in a series of businesses that left her wanting more. On Thursday, April 11, Wanat debuted her latest home construction project: A 7,500 square-foot, L-shaped home at 228 Diane Pl. in Paramus. The 6-bedroom, 6.5-bathroom house hit the market at $2.55 million, with Tony Nabhan of Keller Williams City Views Realty as the listing agent (click her…

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by Cecilia Levine