Markets where tariffs could have biggest impact

Homebuilders estimate that the recent tariffs will raise the cost of building a home by an average of $9,200. Under the current administration, the effective tariff rate on all imports has surged from 2.3% to 26%, according to Realtor.com.

While resale homes dominate the housing market, new construction plays a larger role in some states. In these areas, tariff-driven cost increases will have a greater impact on prices, affordability, and supply. Below are the states most likely to be affected, ranked by the share of new construction listings:

1. Idaho: 40%

2. North Carolina: 33%

3. Delaware: 31%

4. Utah: 28%

5. Nebraska: 28%