Tariff, immigration policy squeezing 'every market': NAHB CEO
According to the National Association of Homebuilders (NAHB), homebuilder confidence fell to a five-month low in February as political uncertainty continued to pressure the housing market. NAHB CEO Jim Tobin joins Wealth host Brad Smith to discuss his outlook on the sector. Tobin characterizes current housing market conditions as "stuck," citing the Trump administration's policies creating market uncertainty combined with "stubbornly high mortgage rates." He adds, "The existing market continues to be locked up, and I think builders are starting to wonder how soon we're going to see this recovery we've been hoping about." Tobin emphasizes that addressing the current housing affordability crisis requires increasing supply through new home and apartment construction. However, he identifies the current regulatory environment, immigration policy, and potential tariffs as significant headwinds to achieving this goal. While highlighting growth in the Southeast and Southwest regions where Americans are relocating for better affordability, Tobin notes these pressures are beginning to impact these areas as well, particularly in markets like Dallas, Houston, and Miami. He warns that "tariffs and immigration policy are really starting to squeeze every market in this country." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
