Currently Reading

NAHB Talks Lumber Concerns with Commerce Secretary


NAHB Talks Lumber Concerns with Commerce Secretary

September 29, 2020
By Kybele

Late last week, the National Association of Home Builders met virtually with Commerce Secretary Wilbur Ross to discuss rising lumber prices. Since mid-April, lumber prices have increased nearly 170%, according to NAHB. With this dramatic advance in prices, new single-family homes now cost an average of $16,000 more and new multifamily units cost an average of $6,000 more. NAHB Chairman Chuck Fowke has called on US officials to end the high tariffs from Canadian lumber imports and to increase lumber production from domestic mills. Ross told members that lumber mills are hesitant to increase production as the demand in newly built homes are seen as temporary.

Rising lumber prices are clearly making it much harder to build homes that are affordable to low- and moderate-income families.

NAHB Third Vice Chairman Alicia Huey and Immediate Past Chairman Greg Ugalde told the secretary what the association has heard from members about how the lumber crisis is hurting their businesses and impeding an even more robust housing upturn.

Secretary Ross told NAHB leaders that lumber mills are concerned that the ongoing housing upturn is temporary, and Dietz assured Ross that the solid housing market is sustainable.

Read More

Related Stories

Building Materials

Lumber Prices Spike 29% in September, Highest Monthly Gain on Record

Last month, prices paid for goods used in residential construction increased by 1.8%. NAHB says the core index for building materials declined in…

Building Materials

Vinyl, Stucco Were Used Most on New Construction in 2019

The Census Bureau's Survey of Construction found that vinyl and stucco were the most popular principal exterior wall material used in new homes…

Codes + Standards

How Excessive Design Standards Hurt Affordability

Stringent residential design standards imposed by local governments are affecting housing costs; the impact of new residential construction on the broader economy (chart)


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.