(Metal tariffs) Home builders warn of added costs

Business | 9 Mar 2018 12:03 pm

Housing trade groups also took a dim view of the tariffs, saying the policy would lead to higher costs and hinder development at a time when the US faces a severe shortage in homes and rental housing.

"Policies that increase the cost of development stand in the way of meeting urgent housing demand as well as imperil the economic and employment gains achieved through tax reform,” said Cindy Chetti, senior vice president of government affairs at the National Multifamily Housing Council, which represents 1,200 apartment housing owners, managers, developers and investors.

The National Association of Home Builders noted the tariffs would pile on more costs on builders and, ultimately, homebuyers.

The tariffs could lead to job losses at aerospace and defense companies, said Eric Fanning, president and chief executive of the Aerospace Industries Association, which represents more than 300 manufacturers and suppliers.-AP

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