** PHLX Housing index .HGX falls 1% to lowest level since July 2024
** U.S. President Donald Trump hits Canada and Mexico with 25% tariffs, doubles duties on Chinese goods to 20%
** Canada responds with tariffs on select U.S. goods
** U.S. homebuilders likely to see rising costs as duties imposed on raw imports
** Tariffs add to concerns about slowing U.S. economic growth, which would hit demand for new houses
** Construction materials supplier Owens Corning OC.N falls 3.4%, insurance co Radian Group RDN.N dips 3.2%, the biggest housing index decliners
** Homebuilder Toll Brothers TOL.N drops 0.6%, heating and air conditioning company Lennox International LII.N dips 2.7%
** However, some homebuilder stocks turn positive: D.R. Horton DHI.N up 0.9%, Pultegroup PHM.N gains 1.4%, Lennar LEN.N gains 1%
** Including day's moves, housing index has fallen 5.5% YTD
(Reporting by Lisa Mattackal)
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