Tag: lumber prices
Podcast: Insights into Cabinet Secretary Picks and Lumber Tariffs
On the latest episode of NAHB’s podcast, Housing Developments, CEO Jerry Howard and Chief Lobbyist Jim Tobin discuss the latest round of likely cabinet secretary picks for the Biden administration, the recent lumber tariff developments and the IBSx Virtual Experience.
Working Closely with NAHB, Nearly 100 Lawmakers Urge Trump to Act on Lumber
Working in tandem with NAHB, nearly 100 Republican and Democratic lawmakers on Oct. 20 sent a letter to President Trump seeking urgent action on lumber supply shortages that have resulted in unprecedented price spikes in recent months that are threatening the housing industry and economic recovery.
Lumber Prices Trending Downward from Mid-September Peak but Still High
Framing lumber prices peaked above $950 per thousand board feet in mid-September, according to Random Lengths, and have been on a slow, downward trajectory since then. For the week ending Oct. 16, prices stood above $750 per thousand board feet, down nearly $200 since their all-time high last month.
New Podcast: NAHB Meets with All the President’s Men
On this week’s episode of Housing Developments, NAHB CEO Jerry Howard and Chief Lobbyist Jim Tobin discuss a very busy week of meeting with Administration officials on a variety of topics, including the lumber issue and affordable housing development.
Lumber Prices Continue to Price Home Owners — and Builders — Out of the Market
Lumber prices increased 14.9% in August, marking historical gains. Such a sharp increase has put unnecessary pressure on home owners and builders alike to figure out how to close the gap — and potentially not build at all.
Escalating Lumber Prices Hamper Home Owner Dreams
Lumber prices have skyrocketed since mid-April, rising 130% and increasing the cost of a single-family home by more than $16,000. NAHB continues to advocate for solutions, but they may not come fast enough for prospective home owners who now find themselves scrambling for alternatives as a result of these skyrocketing prices.
NAHB Podcast: Skyrocketing Lumber Prices Must Be Addressed Now
On the latest episode of Housing Developments, NAHB CEO Jerry Howard provides an analysis of how the housing industry is leading the nation’s economic recovery. However, Howard stresses that the recent dramatic increase in lumber prices threatens the industry and economy on the whole.
Average New Home Price Now $16,000 Higher Due to Lumber
The recent spike in softwood lumber prices has caused the price of an average new single-family home to increase by $16,148 since April 17, according to NAHB standard estimates of lumber used to build the average home. Similarly, the market value of the average new multifamily home has increased by $6,107 over the same period due to the surge in lumber prices.
Surge in Home Construction, Lumber Prices
Residential construction is leading the economy, as housing demand remains strong and supply is tight. However, risks remain for the industry, especially regarding the quickly escalating prices for lumber.
NAHB Seeks White House Action on Soaring Lumber Prices
NAHB sent a letter to President Trump expressing the housing industry’s growing concern and seeking prompt action regarding soaring lumber prices and supply shortages that are harming the housing sector and the economy.
