Tag: softwood lumber
The cost of building homes is going up.
The latest Producer Price Index release by the Bureau of Labor Statistics shows that prices of softwood lumber, gypsum, ready-mix concrete and OSB all rose in February. The increases were led by gypsum products, with softwood lumber a close second.
Softwood lumber, oriented strand board (OSB), ready-mix concrete and gypsum products all posted price changes in 2016 well above the 1.3% average for the Consumer Price Index, according to the latest Producer Price index released by the Bureau of Labor Statistics.
Sens. Jack Reed (D-R.I.) and James Inhofe (R-Okla.) sent a letter to U.S. Trade Representative Michael Froman urging him to take into account the interests of domestic lumber consumers, including home builders, as talks progress with Canada on a new softwood lumber agreement.
U.S. and Canadian negotiators are meeting in Ottawa tomorrow to discuss the parameters of a new softwood lumber agreement, Trade barriers directly impact the cost of lumber, but NAHB research shows a cap on supply could potentially do the most damage to the housing industry.
Better forest management practices that are also mindful of environmental considerations will help rebuild the supply chain, ease escalating price pressures on softwood lumber and promote affordable housing opportunities for all Americans.
With the current Softwood Lumber Agreement between the U.S. and Canada set to expire in October 2014 and the two nations now deciding whether to re-open negotiations, NAHB has weighed in with the U.S. government on the need to maintain access to competitively priced and readily available softwood lumber.