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Tariffs hit housing market

Industry groups say cost of a building may go up by $10,000

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New and planned tariffs set by the Trump administration on imported construction materials have Clark County builders worried about rising costs and slowing housing production.

Steep tariffs on steel — often used in mid- to high-rise housing — and next month’s planned tariffs on certain Mexican and Canadian imports, including lumber, are already causing the prices on construction materials to rise, according to the National Association of Home Builders.

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