Tag: softwood lumber

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.

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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.

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Builders Say Lumber Tops Labor as Biggest Challenge

Filed in Business Management, Economics 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 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 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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Rising Lumber Prices Hit Home

Filed in Codes and Regulations by on April 13, 2018 32 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.

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Lumber Exports and Imports are on the Rise

Filed in Construction Industry by on February 21, 2018 3 Comments
Lumber Exports and Imports are on the Rise

As punitive duties averaging more than 20% were imposed on Canadian softwood lumber imports in 2017, domestic producers responded by shipping record amounts of timber overseas, raising prices for builders and exacerbating housing affordability issues.

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Softwood Lumber Prices Climb to Record Highs

Filed in Construction Industry, Economics by on January 30, 2018 8 Comments
Softwood Lumber Prices Climb to Record Highs

Prices have skyrocketed 30% since Hurricane Harvey hit last summer. The near-term outlook appears uncertain, as trade negotiations among the United States, Canada and Mexico seem to be at a stalemate.

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Softwood Lumber Outlook for 2018 Shaped by Wildfires, Tariffs

Filed in Business Management, Economics by on January 4, 2018 4 Comments
Softwood Lumber Outlook for 2018 Shaped by Wildfires, Tariffs

Prices closed out 2017 at or near record highs in most areas of the country, making the average price for the year the highest in the last 20 years. What’s in store for 2018 is likely more of the same.

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2018 Could Bring More of the Same: Tight Labor and Costly Materials

Filed in Economics by on December 14, 2017 0 Comments
2018 Could Bring More of the Same: Tight Labor and Costly Materials

NAHB Chief Economist Robert Dietz provides a brief summary of the challenges builders faced in 2017, and describes the impacts of hefty tariffs on Canadian softwood lumber.

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