Statement from NAHB Chairman Buddy Hughes on U.S.-China Tariff Agreement
On May 12, 2025, the National Association of Home Builders (NAHB) Chairman Buddy Hughes issued a statement following the announcement of a 90-day pause on most tariffs between the U.S. and China. Hughes described the agreement as a positive development toward a long-term, mutually beneficial trade pact. He emphasized that the current tariffs have been detrimental to building material supply chains and have increased construction costs, thereby affecting housing affordability.
NAHB has been actively advocating for the elimination of tariffs that impact the housing industry. The organization urges the administration to expedite the negotiation of fair and equitable trade deals with other nations to alleviate the financial strain on builders and consumers. By reducing or removing these tariffs, NAHB believes it will help stabilize material costs and improve the overall health of the housing market.
