Tag: softwood lumber

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 44 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 »

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.

Continue Reading »

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.

Continue Reading »

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.

Continue Reading »

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.

Continue Reading »

NAHB Members Testify before the U.S. Int’l Trade Commission on Softwood Lumber

Filed in Construction Industry, Economics by on September 13, 2017 0 Comments
NAHB Members Testify before the U.S. Int’l Trade Commission on Softwood Lumber

Two NAHB members testified before the U.S. International Trade Commission (ITC) on Sept. 12 as part of the ITC’s final hearing to determine whether U.S. lumber producers have been injured as a result of softwood lumber import from Canada

Continue Reading »

In Wake of Harvey, NAHB Urges Action on Lumber Supply

Filed in Disaster Response, Home Building, Leadership by on August 30, 2017 1 Comment
In Wake of Harvey, NAHB Urges Action on Lumber Supply

“In the aftermath of the devastating storm, demand for softwood lumber is expected to increase dramatically as home builders and remodelers repair and replace housing in Houston and across Texas. This crisis makes it more important than ever that the United States quickly achieve a lasting trade agreement regarding U.S. imports of Canadian softwood lumber,” said NAHB Chair Granger MacDonald today.

Continue Reading »

A Show of Unity on Canadian Lumber

Filed in Construction Industry, Economics by on August 24, 2017 3 Comments
A Show of Unity on Canadian Lumber

NAHB CEO Jerry Howard participated in a forum on Canadian softwood lumber this morning at the Canadian embassy in Washington that included Canadian Ambassador David MacNaughton and special softwood lumber envoys from the Canadian provinces.

Continue Reading »