Tag Archive for ‘lumber’

OSB, Lumber, and Gypsum Lead Building Materials Prices Lower in November

Softwood lumber prices fell 3.0% in November the second consecutive decrease for the index to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. The producer price index for softwood lumber has fallen 23.6% (not seasonally adjusted) since setting cycle and all-time highs in June (see below). After the decrease, the index level is 9.6% lower… Read More ›

Builders Say Lumber Prices Are Hurting Affordability

In a recent NAHB survey, over 40 percent of builders said construction costs in general are causing home buyers to hold back from purchasing a new home, and over 90 percent said that lumber prices specifically are hurting affordability. The results are consistent with yesterday’s post, which described a surge in the number of builders reporting a shortage of framing lumber. The new results… Read More ›

Number of Builders Reporting a Shortage of Framing Lumber Surges

Shortages of framing lumber are now more widespread than at any time since NAHB began tracking the issue in a consistent way in 1994, according to results from the May 2018 survey for the NAHB/Wells Fargo Housing Market Index.  Over 30 percent of single-family builders responding to the survey’s special questions in May reported a shortage of framing lumber, outdistancing the other 22… Read More ›

Impact of the Canadian Lumber Duties on the U.S. Economy in 2018

On November 2, 2017, the Commerce Department announced its final decision to impose duties averaging 20.83 percent on Canadian softwood lumber shipments into the U.S. The impacts of these duties on the U.S. economy next year will include increased production by U.S. sawmills, reduced imports from Canada, and higher prices paid for lumber by consumers in the U.S., which in… Read More ›

Builders Starting to Report Shortages of Framing Lumber

For several years now, the recovery in single-family home building has been hampered by shortages of labor and lots.  Availability of building materials, meanwhile, has not been much of an issue.  But that may be starting to change. In answer to questions on the May 2017 survey for the NAHB/Wells Fargo Housing Market Index, 21% of single-family builders reported a shortage… Read More ›

Impact of the Duty on Canadian Lumber Announced April 25

On April 25, the Department of Commerce levied a 19.88% duty rate against Canadian softwood lumber exports to the United States. Due to “special circumstances,” the duties will be retroactive 90 days from the date that the rates are officially published in the Federal Register, likely back to the beginning of February. Five Canadian lumber producing companies will face specific… Read More ›

15% Tariff on Canadian Lumber Would Cost 4,666 U.S. Jobs

Recent NAHB estimates show that a 15% tariff on softwood lumber imported from Canada would have resulted in a loss of had it been applied to all Canadian producers in 2014.  NAHB analyzed 15%, because that was the maximum tariff in the Softwood Lumber Agreement that expired last year.  NAHB analyzed 2014, because that was a recent year with complete data, seemed representative… Read More ›

Builders and Lumber Dealers Both Report Shortages of Key Materials

The home building industry is facing emerging shortages of key building materials like lumber and wall board, according to surveys conducted by the National Association of Home Builders (NAHB) and National Lumber and Building Material Dealers Association (NLBMDA) in May. Among builders, the highest incidence of shortages was for oriented strand board (OSB), with 22 percent of builders reporting shortages,… Read More ›