Why it’s on the map
Lumber/plywood costs (NAHB: tariffs add $10k+/home) + hawkish Fed; cut delivery guidance; cap -40% YoY.
Government money & contracts
None.
Customers & commercial
Homebuyers.
Catalysts
Fed Sept 16.
Risk
Starts -13.5% YoY.
Tariff durability
Loser.