Home builders say that the affordability of new homes will rest on the government’s ability to help reduce the cost of building materials such as lumber. The skyrocketing cost of lumber and other materials has pushed new home prices to record highs. At the end of March, the median sales price of a new built
Lumber prices rise again, impacting home affordability
February 19, 2021 by
Lumber prices hit another record high last week, with the price having risen now by more than 170% in the last 10 months, according to a report by the National Association of Home Builders. That’s bad news for buyers, as home builders have responded by increasing the prices of new homes. The soaring cost of
Builders voice concern as lumber prices rise again
December 21, 2020 by
The cost of lumber has increased again after declining in September and November, and that could potentially lead to further increases in the price of new homes. In the past four weeks lumber prices have increased by almost 20% across the U.S., the National Association of Home Builders reported this week. These high lumber prices
Whats Next with Lumber Tariffs
August 23, 2019 by
If you’re a bit of a news hound, you’re hearing quite a bit about U.S. tariffs on Chinese manufactured goods. But what about the tariff on Canadian lumber? Back in May of this year, President Trump announced lifting aluminum and steel tariffs on Canada and Mexico. But he said nothing about lifting the Canadian lumber
How Lumber Tariffs Affect New Construction
July 17, 2018 by
The tariffs on imported Canadian softwoods averages 20.83% but that is only part of the story about the impact and price increases to new housing.
