Record-High Lumber Costs Adding More than $7,000 to the Price of a Home
Since the beginning of last year, rising lumber prices – primarily as a result of tariffs on imported Canadian softwood lumber – have increased the price of an average single-family home by more than $7,000.
NAHB is asking its members to take action now by writing the White House and your member of Congress today. Urge the president to resume talks with Canada to find a long-term solution to this trade dispute and ask your U.S. representative to sign onto a bipartisan letter urging the administration reach a lumber trade solution with Canada.
Lumber prices soared to a record $525 per thousand board feet on May 4 and May futures contracts are selling at the previously unthinkable $600 range.
Click here for more information and for a draft letter you can send.