Tariffs Worry New Home Builders
Although demand for new, single family homes remains strong across the United States, builder confidence in their ability to deliver affordable homes to the market slipped slightly in April. Market analysts believe that new tariffs of up to 24% on Canadian lumber, which will increase the cost of building new homes in the US, contributed to the dip in confidence. Some US lumber suppliers claim that Canadian lumber companies receive unfair subsidies from the Canadian government, and the tariffs are designed to 'even the playing field'. Late winter weather conditions in some parts of the country and a low availability of lots also added to builders' concerns.
Peachtree Mortgage Services, Inc. serves the metro Atlanta area and the entire state of Georgia. Call 770.481.0052 or email peachmtg@bellsouth.net to discuss our low home mortgage interest rates on home purchases and refinances.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.