Lumber Tariff
When President Trump authorized a tariff on Canadian lumber, the act was hailed as a way to protect domestic industry in a time when cheaper imports were drawing more and more dollars across our borders and overseas. However, with the coronavirus wreaking havoc on labor and staffing, and many sawmills going idle in anticipation of…
Read MoreFrom Staff Reports With lumber tariffs already adding more than $6,000 to the price of every new home in Dallas, President Trump’s decision this month to escalate the trade conflict with China has builders bracing for more challenges to housing affordability. This decision could wind up imposing a $2.5 billion tax increase on residential construction,…
Read MoreThere’s a lot of news for the market to digest, says our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage), senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk. Bonds fell through a key support level, and with news of President Trump’s decision to bomb Syria and the Fed’s watchdog-like concern regarding inflation,…
Read MoreThe Dow was down last week after news broke regarding President Donald Trump’s proposed tariffs totaling billions in the simmering trade war with China. Meanwhile, bonds rallied — at the expense of the stock market. Our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage), the senior mortgage adviser at the nation’s oldest private lender — Wallick…
Read MoreThe Trump administration announced a proposal for tariffs on imported steel and aluminum, sending shockwaves through the housing market. With tariffs on Canadian lumber already driving up the cost of some types of housing, new tariffs on aluminum and steel could increase the overall cost for a new home even more. How will that affect…
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