Record-High Lumber Costs Adding More Than $7,000 to the Price of a Home

Since the beginning of last year, rising lumber prices – made worse by tariffs on imported Canadian softwood lumber – have increased the price of an average single-family home by more than $7,000. We need you 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...

Since the beginning of last year, rising lumber prices – made worse by tariffs on imported Canadian softwood lumber – have increased the price of an average single-family home by more than $7,000.

We need you 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-high $543 per thousand board feet for the week ending May 11 and May futures contracts are selling at the previously unthinkable $600 range.

We need a solution now to protect the home building industry and consumers from tariffs that are raising production costs and harming home buyers.

You can make a difference. Act now and ask President Trump to return to the negotiating table with Canada to find a solution to these harmful tariffs.

Go to this link and copy and paste this message to the president. You may also add in your personal lumber price numbers.

“Mr. President,

With a tariff on Canadian lumber in place, lumber prices have skyrocketed. My latest load of lumber cost 60% more than last year and that hurts my small business.  I respectfully request that you return to the negotiating table with Canada and redouble your efforts to reach a new softwood lumber agreement. It is our hope that in negotiating a new agreement with Canada, you will push for measures that take into account not only the impact of price fluctuations on the domestic lumber industry, but also on those secondary industries and consumers that rely on softwood lumber for their economic well-being. 

Thank you for considering my views,”

 

Your member of Congress can also help. Click on this link to ask your federal lawmaker to sign a letter urging Commerce Secretary Wilbur Ross to reach a new softwood lumber trade agreement with Canada.

You can also share your message to President Trump on Twitter. Be sure to tag President Trump @realDonaldTrump and NAHB @NAHBhome, and include the hashtag #TariffsHarmHousing.

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Source: nahbnow.com