Lawmakers say international tariffs are taking a toll on Connecticut housing.<\/p>\n
They say President Donald Trump’s tariffs on metals and wood products is directly affecting home construction.<\/p>\n
Last year, Connecticut builders were approved for the second lowest number of permits for new houses dating back to 1960, according to the U.S. Census Bureau.<\/p>\n
Builders have estimated that the new tariffs on lumber and steel have added over $10,900 to the cost of a new home.<\/p>\n
“This is not just a problem for the construction companies. It means that fewer options are available for people looking to rent or to buy,\u201d said U.S. Rep. Rosa DeLauro (D-New Haven.) \u201cNo one wants to pay for a home that really is missing a garage-door, a sink or a cabinet. All of this is making it harder for Connecticut to build the housing that we need.”<\/p>\n
Rep. DeLauro is now introducing a bill to stop tariff-driven price gouging from large corporations \u2013 the No Gratuitous Overcharging for Ubiquitous Global Exports (NO GOUGE) Act.<\/p>\n","protected":false},"excerpt":{"rendered":"Lawmakers say international tariffs are taking a toll on Connecticut housing. They say President Donald Trump’s tariffs on…\n","protected":false},"author":2,"featured_media":158404,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,2907,9,24,63,2304,2083,20041],"class_list":{"0":"post-158403","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-brooklyn","8":"tag-brooklyn","9":"tag-brooklyn-headlines","10":"tag-brooklyn-news","11":"tag-housing","12":"tag-new-york","13":"tag-new-york-city","14":"tag-nyc","15":"tag-president-trump","16":"tag-tariffs","17":"tag-trump-adminstration"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/158403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=158403"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/158403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/158404"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=158403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=158403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=158403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}