President Donald Trump’s trade war has turned perceptions of the U.S. economy upside down, and data is beginning to trickle in on how tariffs might impact consumer behavior in the housing market.

The latest numbers come from Fannie Mae‘s Home Purchase Sentiment Index, which measures consumer attitudes on housing using six questions from a national survey. The survey was conducted from April 1-18.

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Amid higher interest rates and a tight housing market, U.S. homeowners are increasingly choosing to renovate rather than relocate — and many are doing so under financial and emotional strain, according to a newly released nationwide survey.

A report released by Block Renovation, based on responses from more than 1,000 homeowners, paints a detailed picture of the home renovation experience in 2025.

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