Tag: softwood lumber

NAHB Seeks White House Action on Soaring Lumber Prices

Filed in Advocacy, Housing Affordability, Trade by on August 13, 2020 31 Comments
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.

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Building Material Prices Post Record Monthly Decline in April

Filed in Economics by on May 15, 2020 4 Comments
Building Material Prices Post Record Monthly Decline in April

Prices paid for goods used in residential construction decreased 4.1% in April (not seasonally adjusted) — the largest monthly decline on record — according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The year-to-date decline (-5.4%) in residential construction inputs prices is more than three times larger than the previous record (-1.3% in 2009).

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Lumber Duties Could be Cut by More than 50% in August

Filed in Trade by on February 7, 2020 5 Comments
Lumber Duties Could be Cut by More than 50% in August

With lumber prices rising steadily since June 2019, a preliminary decision by the U.S. Department of Commerce to reduce duties by August on shipments of Canadian lumber into the United States is good news for home builders and home buyers.

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NAFTA Panel Accepts NAHB Amicus Brief on Softwood Lumber Dispute

Filed in Trade by on March 28, 2019 0 Comments
NAFTA Panel Accepts NAHB Amicus Brief on Softwood Lumber Dispute

In a positive development regarding the U.S.-Canada softwood lumber trade dispute, the NAFTA Binational Panel on March 25 granted NAHB’s motion to participate as an amicus (friend) in support of Canada’s challenge of the International Trade Commission’s (ITC) countervailing and anti-dumping duties on Canadian lumber imports into the United States.

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Domestic Lumber Producers Seek Revision of Current Duties

Filed in Trade by on March 6, 2019 1 Comment
Domestic Lumber Producers Seek Revision of Current Duties

The domestic softwood lumber group that spurred the Department of Commerce to impose countervailing and anti-dumping duties averaging more than 20% on softwood lumber imports from Canada is now seeking a revision of the current duties.

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New Trade Deal Could Open Door for Future Lumber Talks

Filed in Trade by on October 3, 2018 8 Comments
New Trade Deal Could Open Door for Future Lumber Talks

The new trade deal between the U.S., Canada and Mexico that will replace the North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement or USMCA has the potential to yield positive developments regarding the ongoing U.S.-Canada lumber trade dispute.

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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 31 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 Advocacy, 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 to Administration: Negotiate Now

Filed in Trade by on August 2, 2018 5 Comments
NAHB to Administration: Negotiate Now

As lumber prices continue to climb to the detriment of home builders and their customers, members of the NAHB Board of Directors have an important message for Secretary of Commerce Wilbur Ross and U.S. Trade Representative Robert Lighthizer: Negotiate now.

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A Looming $1 Billion Tax on Housing

Filed in Economics by on July 27, 2018 41 Comments
A Looming $1 Billion Tax on Housing

President Trump’s plans to propose 10% tariffs on $200 billion worth of Chinese imports — including nearly 500 products used in residential construction — could have major ramifications for the housing industry.

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