Indiana sees drop in home construction during June

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New home construction in Indiana dropped in June due to the increasing costs associated with tariffs, Indiana Public Media reports.

According to a U.S. Census Bureau report, Indiana had nearly 1,500 single-family permits in June, a 10% decrease from May and an 8% drop from this time last year.

The 20% tariffs placed on imported Canadian softwood lumber contributed to increased building costs, in addition to the tariffs imposed on steel and aluminum imports.

According to a press release from the Indiana Builders Association, the increase in lumber costs is driving up the price of an average new single family home by more than $6,000 compared to last year.

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