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Fortune
Fortune
Alena Botros

Bank of America says building material manufacturers' first instinct to Trump’s tariffs has been to hike prices

(Credit: Win McNamee/Getty Images)
  • Some plumbing-product makers, refrigerator makers, and flooring suppliers have either told their customers their prices will jump or already raised them on the back of Trump’s tariff policy. In the past when building product materials prices have risen, homebuilders have passed the costs on to buyers. That could make an unaffordable housing market even more pricey.

President Donald Trump’s tariff policy is ever-changing, and the whipsaw between delays and brand-new threats has Wall Street distraught. The stock market is imploding, and there is chatter about a recession risk. Tariff fears are seeping through to singular industries, particularly those connected to housing via homebuilding or renovations—and housing is already in a tough spot. 

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