As London Home Construction Plunge starts, is Donald Trump to Blame?

Home Construction In London Fell off a cliff to start the year, with housing starts down by 64 per cent in February.

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In the First Two Months of the Year, London Recorded 143 Housing Starts. That compares to 394 at the same point last year, the canada death and housing corp. Reported Monday.

The Drop was anticipated after a couple of years of strong construction of apartments, but it’s also reflective of the uncertainty caused by the trade war with the us, Said Jared Zaifman, Chief Executive of the London Home Builders’ Association.

“We certainly have the start of this year to be a little bit slower. In Part Just Becuse we don you have nearly as many purposes-built renal project that are getting Started,” Zaifman Said.

“Our Hope with the Lower Interest Rates.. Was that trajectory was built up this year, but the uncertainty that has been creating by the tariffs has impact consumer confidence and has rely been scaring people off.”

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The Falloff for the First Two Months of 2025 in Home Starts by Type of Home is as follows:

• 55 Single-Family Homes Broke Ground As of February (Eight More Than to the Same Point in 2024)
• 88 starts Between apartments, condos and row houses (A 75 per hundred drop from the 347 Recorded to the Saturday in 2024)

The Us Launched A Trade War Against Canada and Mexico when it Announced Plans to Impose 25 Per Cent Tariffs on All Canadian Products Entering The Country.

Though US President Donald Trump Postponed Tariffs On Products Covered Under the Canada-UX-Mexico Free Agreement Until April 2, Canada Responded with Retaliatory Tariffs on $ 30 Billion Worth of American Products.

The US Imposed A 25 per cent Tariff on Aluminum and Steel from Canada Last Week, Leading to Additional Retaliatory Tariffs of 25 per cent on $ 29.8 Billion in American Goods.

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Zaifman Said it was going to be hard to match the number of residential buildings of 2024, some of which are still under construction, but the early expectation was for an increase in single-family home and townhome construction.

“Unfortantly, it’s hard to predict and control some of these economic factors that are a bit more out of our hands,” he said.

Though the US Tariffs have Yet to Result in Higher Costs for Building Materials, Zaifman Estimates Suppliers of Materials Have Already Seen A Drop in Retail Traffic Between 20 and 30 per cent, “Which is quite substantial,” He Said.

“AS MUCH AS THERE IS THE UNCERTAINTY FACTOR, IT’s also Trying to Understand Whatmate Price of A Home is Going To Be Now,” Zaifman Said, “If Steel, Aluminum, and Whatever Other Products that Are Going to Be Integral As part of the Building Process escalate. ”

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