What does a weakening US Dollar mean for investors?

[Marcus Auerbach]

I just got back from my annual summer break in Europe and have felt the very real implications of the USD losing value against the Euro. 400 Euro from the ATM hit my bank account now as 500USD - almost 100 bucks more. But the Dollar is also losing against the CAD and MXN. 

This means vacations cost more, but it also means imports will cost more. And that is on top of tariffs.

I used to work for a construction equipment manufacturer and was in charge of a product line that was manufactured in Europe and sold in the US, so I am keenly aware of the impacts of tariffs and exchange rate issues. What I am pondering these days is what a weaker dollar will mean for the housing market long term? I can see the cost of materials and supplies go up, from lumber to faucets to joist hangers, which in turn will drive new construction prices. Our median spec home in Milwaukee costs now 660k - before Covid you could still buy one for 499k.