Trade

Chinese Tariffs Act as a $1 Billion Tax Hike on Housing, Could Jump to $2.5 Billion

Filed in Economics, Trade by on September 18, 2018 22 Comments
Chinese Tariffs Act as a $1 Billion Tax Hike on Housing, Could Jump to $2.5 Billion

President Trump’s decision yesterday to escalate the trade conflict with China could wind up imposing a $2.5 billion tax increase on residential construction at time when builders are already grappling with higher housing costs.

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Bipartisan Group of Senators Seek Fair Resolution of Lumber Trade Dispute

Filed in Capitol Hill, Trade by on September 12, 2018 1 Comment
Bipartisan Group of Senators Seek Fair Resolution of Lumber Trade Dispute

In an effort spearheaded by NAHB, a dozen Republican and Democratic members of the U.S. Senate on Sept. 11 sent a joint letter to the Trump administration calling on the U.S. to resume softwood lumber trade negotiations with Canada.

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NAHB Responds to Trump Tariff Threat

Filed in Economics, Trade by on September 7, 2018 0 Comments
NAHB Responds to Trump Tariff Threat

NAHB urged caution after President Trump today threatened to impose tariffs on $267 billion worth of Chinese imports that would be in addition $200 billion in duties on Chinese goods that the administration is already considering.

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Oklahoma Builders Talk Lumber with Governor Fallin

Filed in Trade by on August 30, 2018 1 Comment
Oklahoma Builders Talk Lumber with Governor Fallin

OSHBA members urged Fallin to communicate the importance of this issue to her fellow governors and to urge President Trump to negotiate now.

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Builders Discuss Rising Lumber Prices with Commerce Secretary Ross

Filed in Capitol Hill, Leadership, Trade by on June 19, 2018 26 Comments
Builders Discuss Rising Lumber Prices with Commerce Secretary Ross

NAHB Chairman Randy Noel, CEO Jerry Howard and senior staff met today with Commerce Secretary Wilbur Ross to discuss the growing problem of escalating lumber prices that are being exacerbated by tariffs on Canadian lumber imports into the U.S.

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On Lumber, Trump is Listening

Filed in Home Building, Multifamily, Trade by on June 1, 2018 4 Comments
On Lumber, Trump is Listening

In an early morning tweet on Friday, President Trump laid out the issues, calling on Canada to “open their markets and take down their trade barriers” and referencing timber and lumber trade imbalances as a factor in sky-high costs.

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Builders Say Lumber Tops Labor as Biggest Challenge

Filed in Business Management, Economics, Trade by on May 25, 2018 5 Comments
Builders Say Lumber Tops Labor as Biggest Challenge

In his bi-weekly overview of the housing market, NAHB’s chief economist describes the most serious headwind facing housing markets today: the escalation of framing lumber prices — up 59% since the start of 2017.

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Results from Lumber Tariffs Highlight Folly of Protectionism

Filed in Capitol Hill, Trade by on May 18, 2018 15 Comments
Results from Lumber Tariffs Highlight Folly of Protectionism

As the Trump administration weighs imposing steel and aluminum tariffs on U.S. allies, most mainstream economists are warning that such protectionist trade policies will result in harsh negative repercussions for the domestic economy.

But the president insists this course is needed to shore up struggling U.S. industries. So who is right?

NAHB Chairman Randy Noel — citing a real-life lumber tariff situation that has been flying under the radar for more than a year — provides the clear answer in a recent op-ed published in The Hill.

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Rising Prices of Lumber and Steel a ‘Terrible Downward Spiral’

Filed in Codes and Regulations, Economics, Trade by on May 17, 2018 0 Comments
Rising Prices of Lumber and Steel a ‘Terrible Downward Spiral’

Hefty tariffs on Canadian softwood lumber imports are causing lumber prices to skyrocket and making many home builders pray for a prolonged price plateau. Will it be long before more builders start using alternative materials such as steel?

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Softwood Lumber Tops the Agenda in Meetings with Oklahoma Lawmakers

Filed in Capitol Hill, Trade by on May 1, 2018 0 Comments
Softwood Lumber Tops the Agenda in Meetings with Oklahoma Lawmakers

Softwood lumber was the top issue as Oklahoma builders held several in-district meetings with their federal lawmakers this week. The meetings were part of NAHB’s national Bringing Housing Home™ week-long grassroots event.

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