Tag: lumber

Commerce Secretary Pledges to Make Lumber a Priority

Filed in Advocacy, Material Costs by on May 7, 2021 0 Comments
Commerce Secretary Pledges to Make Lumber a Priority

NAHB’s grassroots efforts urging the Biden administration and Congress to address the growing problem of rising lumber and material prices along with supply shortages is showing results. Responding to a request by Rep. Robert Aderholt (R-Ala.) to make rising lumber prices and production issues a priority during a May 6 House Appropriations subcommittee hearing, Commerce Secretary Gina Raimondo responded, “I promise you I will.”

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NAHB Continues to Engage the Administration, Congress on Lumber

Filed in Advocacy, Housing Affordability, Material Costs by on April 30, 2021 2 Comments
NAHB Continues to Engage the Administration, Congress on Lumber

NAHB CEO Jerry Howard and senior NAHB staff on April 29 held a productive virtual meeting with White House staff from the Domestic Policy Council, National Economic Council and the Office of the Vice President.

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NAHB Spearheads Coalition Effort on Lumber

Filed in Advocacy, Material Costs by on March 12, 2021
NAHB Spearheads Coalition Effort on Lumber

In an effort led by NAHB, more than 35 organizations today sent a letter to Commerce Secretary Gina Raimondo urging the secretary to turn her “immediate attention to an issue threatening the economic recovery and housing affordability: the price of lumber. We respectfully request that your office examine the lumber supply chain, identify the causes for high prices and supply constraints, and seek immediate remedies that will increase production.”

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Podcast: Lumber Issue Heats Up, Hurts Affordability

Filed in Housing Affordability by on February 17, 2021 3 Comments
Podcast: Lumber Issue Heats Up, Hurts Affordability

On the latest episode of the NAHB podcast, Housing Developments, CEO Jerry Howard and Chief Lobbyist Jim Tobin discuss the biggest headwind facing home building: Skyrocketing lumber prices.

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Record-High Lumber Prices are Hammering Housing Affordability

Filed in Advocacy, Housing Affordability, Material Costs by on February 12, 2021 35 Comments
Record-High Lumber Prices are Hammering Housing Affordability

Soaring lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector from moving the economy forward, according to NAHB.

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Biden’s Broad Stimulus Package Will Help Housing

Biden’s Broad Stimulus Package Will Help Housing

While NAHB supports bipartisan efforts to to reach an agreement on a coronavirus relief package, the association believes President Biden’s $1.9 trillion plan offers a better path forward to boost the housing sector and economy than the $618 billion Republican alternative put forth by 10 U.S. senators. The White House has also expressed a willingness to continue talks with NAHB regarding lumber price and supply issues.

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Video: NAHB Chairman Updates Members on Key Priorities

Filed in Advocacy, Membership by on February 2, 2021 0 Comments
Video: NAHB Chairman Updates Members on Key Priorities

In this month’s Chairman’s Update, newly-installed NAHB 2021 Chairman of the Board, Chuck Fowke, discusses the latest issues and advocacy priorities of the Federation.

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Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases

Filed in Economics by on January 20, 2021 6 Comments
Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases

Rising material costs led by a huge upsurge in lumber prices, along with a resurgence of the coronavirus across much of the nation, pushed builder confidence in the market for newly built single-family homes down three points to 83 in January, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Despite the drop, builder sentiment remains at a strong level.

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Video: NAHB Chairman Presents 2020 Recap

Filed in Membership by on January 6, 2021 0 Comments
Video: NAHB Chairman Presents 2020 Recap

NAHB Chairman Chuck Fowke delivers his first Chairman’s Update of the new year with a recap of 2020, discussing the ways the Association successfully responded to the COVID-19 pandemic, skyrocketing materials prices, skilled labor shortages and more.

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Commerce Department Cuts Lumber Tariffs from 20% to 9%

Filed in Advocacy, Material Costs by on December 1, 2020 112 Comments
Commerce Department Cuts Lumber Tariffs from 20% to 9%

With lumber prices experiencing extreme price volatility this year and harming housing affordability, a final determination of the first administrative review by the U.S. Commerce Department to reduce duties on shipments of Canadian lumber into the United States by more than half is good news for American home builders and home buyers.

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