Tag: framing lumber

Working Closely with NAHB, Nearly 100 Lawmakers Urge Trump to Act on Lumber

Filed in Advocacy, Housing Affordability, Trade by on October 21, 2020 19 Comments
Working Closely with NAHB, Nearly 100 Lawmakers Urge Trump to Act on Lumber

Working in tandem with NAHB, nearly 100 Republican and Democratic lawmakers on Oct. 20 sent a letter to President Trump seeking urgent action on lumber supply shortages that have resulted in unprecedented price spikes in recent months that are threatening the housing industry and economic recovery.

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National Economic Council Hears NAHB Concerns on Lumber

Filed in Advocacy, Economics, Housing Affordability, Trade by on September 4, 2020 5 Comments
National Economic Council Hears NAHB Concerns on Lumber

In a special webcast for association leaders and now available to members on NAHB efforts to combat rising lumber prices and supply shortages, NAHB Chairman Chuck Fowke said that Senior Officers held talks with members of the White House National Economic Council (NEC) on Aug. 28 to discuss the impact that soaring lumber prices are having on the housing industry.

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Surge in Home Construction, Lumber Prices

Filed in Economics by on August 20, 2020 6 Comments
Surge in Home Construction, Lumber Prices

Residential construction is leading the economy, as housing demand remains strong and supply is tight. However, risks remain for the industry, especially regarding the quickly escalating prices for lumber.

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Lumber Prices Hit 2-Year High, Up 50% Since April

Filed in Disaster Response, Economics by on July 10, 2020 5 Comments
Lumber Prices Hit 2-Year High, Up 50% Since April

The Random Lengths Framing Composite Price rose above $500 per 1,000 board feet for the week ending July 10, marking the first time prices have topped the $500 level since July 2018. Indeed, lumber prices have soared 50% since April 17, 2020.

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Lumber Prices Move Sharply Higher on Rising Demand and Supply Constraints

Filed in Economics by on May 18, 2020 8 Comments
Lumber Prices Move Sharply Higher on Rising Demand and Supply Constraints

Rising demand stemming from a surge of do-it-yourself projects from consumers working at home coupled with restricted supply due to lumber mills operating at a diminished capacity have led to a recent upsurge in lumber prices. Prices topped $400 per thousand board feet in mid-May.

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