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Single-Family Home Construction Plunges as Builders Grapple With Higher Costs and Weak Demand

new construction of single-family homes slowed considerably last month, as homebuilders contend with rising costs and muted buyer demand. The pullback in single-family construction follows data showing that homebuilder sentiment remains low, with 60% of builders reporting that their suppliers have announced or imposed price increases on materials due to tariffs. Builders estimate that President Donald Trump‘s recent tariff actions have raised their […]
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Jeff Bezos Reportedly Offloads Seattle Mansion for $63 Million in Record-Breaking Sale

After moving to Miami, it was only a matter of time before Jeff Bezos started shedding his Seattle properties. The Amazon founder, who relocated to Florida’s Indian Creek Island (a.k.a. Billionaire Bunker) in 2023, just sold a mansion in Hunts Point, Washington, the Seattle Times reports—and the $63 million deal broke the record for the state’s most expensive home ever […]
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China Adds Retaliatory 34% Tariffs—and U.S. Homebuilders Are Already Feeling the Effects of the Trade War

China has retaliated against President Donald Trump‘s “liberation day” tariffs by imposing its own 34% tariff on all goods imported into the U.S. from April 10—a move that has prompted global stock markets to plunge even lower. By 2:45 p.m. EST on April 4, approximately eight hours after the Beijing’s retaliatory tariff announcement, the Dow had dropped 2,100 […]
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