With the price of lumber soaring, the Biden Administration’s new proposal to double lumber tariffs on Canadian shipments could worsen the situation.
The recently announced plan by the U.S. Commerce Department to increase the levy from 9% to 18.32% drew sharp criticism from the National Association of Home Builders. An NAHB official accused the administration of being disingenuous when it claims addressing the housing affordability crisis is an important priority.
Before last December, the tariffs were 20%. The U.S. reduced tariffs on Canadian softwood lumber imports to 9% in December. Canada is the nation's largest trading partner for softwood lumber.
Meanwhile, demand for lumber and steel continues to outpace supply. Some experts are advising builders to stockpile lumber and steel if possible, and to avoid locking in any long- or medium-term prices at current levels.
Related Stories
Codes and Standards | Oct 6, 2016
New York City files criminal charges on owner for deadly building façade accident
The owner allegedly did not heed warning about danger of the crumbling exterior.
Codes and Standards | Oct 5, 2016
New York becomes the first city to adopt a target for energy storage
Mayor de Blasio also announces increased solar generation goals
Codes and Standards | Oct 4, 2016
New global residential floor space measurement standard unveiled
The new standards will produce better transparency and are said to benefit investors.
Codes and Standards | Sep 29, 2016
Dept. of Energy forecasts big jump in LED use, resulting energy savings
Big gains are expected in both commercial and residential markets.
Codes and Standards | Sep 28, 2016
San Francisco commercial, multifamily regulations aim to reduce traffic volume
City planners will require design features to cut miles driven.
Codes and Standards | Sep 28, 2016
Society of Landscape Architects releases guide to resilient design
The goal is to retrofit communities to better withstand extreme weather events.
Codes and Standards | Sep 26, 2016
Washington State Energy Code updates include dedicated outdoor air system requirements
The updates will change design approach to HVAC.
Codes and Standards | Sep 22, 2016
Construction firms pulling back from federal market due to new reporting rules
‘Subjective, very vague’ policies are said to create too much risk.
Codes and Standards | Sep 21, 2016
Airbnb presents legal liability for multifamily owners
How building owners can reduce risks.
Codes and Standards | Sep 21, 2016
Healthy buildings becoming a key design priority for both architects and building owners
Nationwide survey finds nearly three of four architects cite health impacts influencing design decisions
