NAHB denounced the U.S. Commerce Department’s decision to impose a 20% countervailing duty on Canadian lumber imports, saying it will harm American home buyers, consumers and businesses while failing to resolve the underlying trade dispute between the two nations.
NAHB’s longstanding battle to maintain consistent and consistently priced sources of lumber for our members is gaining visibility in the press as your association hammers home the fallout from the trade dispute between the United States and Canada: Higher prices for home buyers.
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.
With the expiration of the U.S.-Canada Softwood Lumber Agreement last fall, NAHB is forming a coalition that is committed to providing American consumers access to a stable, dependable and affordable supply of lumber and building materials.