Bylt: Real Time Construction News & Market Data
Construction Everyday. Real Time News and AEC Industry Market Data. Powerful News For The Architectural, Engineering & Construction Industries.

Canadian lumber gets some accurate bark back

Amongst the chaos which has encapsulated the year of 2020, home builders and American home buyers appear to have a bright future of affordability laid out for them. With the heightened pricing of lumber, the U.S. Commerce Department has decided to slash the amount of Canadian lumber shipments coming into the United States from 20% down to 9%. 

NAHB Chairman, Chuck Fowke, has revealed that despite the immaculate success the construction industry will surely garner from over-the-border shipment reductions, tariffs will still serve as a continuous issue. Fowke believes the United States needs to correspond with Canada in order to suspend tariffs to therefore provide solid stability as well as equitable pricing within the Canadian lumber trade. Lower tariffs would alleviate unpredictability and additionally defer the pressure to raise costs. 

The lowering of lumber prices have paved the way towards an incredible and unprecedented growth of new home sales and housing construction projects. What once in September was $950 per thousand lumber board feet is now about $569 per thousand board feet. 

The NAHB feverishly continues to look for solutions which will guarantee reliable lumber for the American home building market at an honest price. 

Advertisement

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Hi!

This feature is in BETA.

Wanna try?

Join the wait list or be the first to know when its live to the public.

You have successfully joined!

There was an error while trying to send your request. Please try again.

bylt will use the information you provide on this form to be in touch with you and to provide updates and marketing.