Trump's plan to rip up NAFTA could cause a big setback in the housing market

Todd Korol/Reuters President Donald Trump's administration is renegotiating the North American Free Trade Agreement and has threatened to withdraw from it. This has led to a spike in the cost of lumber, a major Canadian export to the US, amid rising costs of land and construction workers. According to Capital Economics, higher lumber prices could prompt homebuilders to focus on more-expensive housing to protect their margins, even with a shortage of affordable housing relative to demand. NAFTA i...