The National Association of Home Builders (NAHB) is urging relief for builders following a ruling by the Supreme Court of the United States that curtailed President Trump's authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA).

 

While the decision limits the use of emergency powers for tariffs, NAHB cautioned that the president retains broad authority under other laws. Shortly after the ruling, Trump announced a new global tariff, first at 10% and later increased to 15% under Section 122 of the Trade Act of 1974, which caps tariffs at that level for 150 days unless extended by Congress.

NAHB Chairman Bill Owens said the industry remains concerned about rising costs and policy instability. "With the nation facing a housing affordability crisis, NAHB urges the president to exempt building materials as part of his tariff strategy because they raise construction costs, impede supply chains and result in market and business uncertainty that make it difficult for builders to price their homes," Owens said. tinyurl.com/lasn-36257