NAHB Supports the United States-Mexico-Canada Agreement
On Jan. 29, 2020, President Trump signed the United States-Mexico-Canada Agreement (USMCA), a landmark trade deal that is a positive step forward to ease America's housing affordability challenges.
Building quality, affordable housing for all Americans depends critically on the free and fair trade of building materials with two of our top trade partners — Canada and Mexico. Each year, the U.S. residential construction and remodeling industries rely on tens of billions of dollars in building materials sourced from these two countries. These materials are not simply the constituent parts of a home, they also represent jobs for Americans building those homes.
The price volatility of these imported materials and equipment, driven by policy uncertainty, needlessly drives up housing costs and exacerbates the nation's housing affordability woes.
The USMCA is clearly a major improvement over the outdated 25-year-old NAFTA. By modernizing and strengthening free trade with two of our largest trading partners, the USMCA will boost U.S. economic growth and help keep the prices of homes and home improvements more stable.