Tag: softwood lumber

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 2 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.

Continue Reading »

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.

Continue Reading »

NAHB to Administration: Negotiate Now

Filed in Leadership 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.

Continue Reading »

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.

Continue Reading »

Shortages of Framing Lumber More Widespread than Ever

Filed in Labor, Safety and Health by on June 22, 2018 4 Comments
Shortages of Framing Lumber More Widespread than Ever

Shortages of framing lumber are now more widespread than at any time since NAHB began tracking the issue in 1994, according to results from the May 2018 survey for the NAHB/Wells Fargo Housing Market Index.

Continue Reading »

More than 170 Lawmakers Take a Stand for Homeownership

Filed in Capitol Hill by on June 14, 2018 8 Comments
More than 170 Lawmakers Take a Stand for Homeownership

At the behest of NAHB, 171 members of Congress this week sent a joint letter to the Trump administration calling on the U.S. to resume talks with Canada to negotiate a new softwood lumber trade agreement.

Continue Reading »

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.

Continue Reading »

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.

Continue Reading »

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?

Continue Reading »

Rising Lumber Prices Hit Home

Filed in Codes and Regulations by on April 13, 2018 43 Comments
Rising Lumber Prices Hit Home

A New England builder recently got an unwelcome surprise when he opened an email from the company that supplies the white cedar shingles for some of the homes he’s building. The shingles are subject to an immediate 20.8% duty, or an additional cost of $1,400 per unit for the 12 homes planned for construction.

Continue Reading »

Advertisement