Fox Business Kelly Saberi reports from Chicago how the proposed tariffs can significantly increase the overall duty of Canadian lumber to “Big Money”.
The lumber is in the focus of the National Association of Builders House (NAHB), and the American lumber coalition disagrees with what the US housing market falls.
Fox Business Kelly Saberi correspondent On Monday, NAHB reported on tariff uncertainty and lumber prices as partially responsible.
The current anti-dumping and anti-subsidium duty on the imported Canadian flying lumber is 14.5%. This can potentially rise later this year to almost 35%.
On October 15, 2024, workers move lumber to the house built in Balston Lake, New York. (Angus Mordant/Bloomberg via Getty Images)
Canada According to NAHB, Saff Draw Dumb Dums is approximately 85% of imports in America and almost a quarter of US supplies.
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“I share the desire of President Trump to create honest and balanced trade on our borders would certainly return as much production as we can,” said NAHB CEO Jim Tobin. “But until we do it, and it will take years and millions of investment, we need to make sure that we have a reliable, affordable source of lumber.”
On February 3, 2025, piles of wooden cases observed in the yard in Edmantan, Albert, Canada were folded. (Arthur Vidak/Nurfat through images getty)
Self -Self said that the US lumber coalition “says the price of the lumber speaks of something else in this story.”
Between May 2021 and April this year, she reported that the composite price decreased by 67%, she said. It amounted to $ 442 per 1,000 feet on the board as of May 23, for NAHB.
Meanwhile, the price of new houses has increased by 21%, Saberi reports.
‘All, from normative costs to land value, and, frankly, also cost the profitability of the construction house Availability at home“U. US Executive Director Zolton Van Heningen said Fox Business.” Lumber is just not one of them. ”
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The American lumber coalition was also critical of Canada, saying that “continued unfair trading practice“From his lumber were” extremely harmful to the manufacturers of lumber, workers and their communities that depend on the forest. ”
John Kalabich, the owner of the Acme Lumber in Chicago, said Sami that the prices are relatively equal to the duty on the Canadian lumber over the last 12 months.
He also heard from contractors that the demand for small repairs and construction of large tickets had dropped.
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Last month, the US Census Census stated that in solitary family housing, starting declines by 2.1% from March to seasonally adjusted annual rate of 927,000 in April.
On March 18, 2024, employees were shown to houses built in Kyle, Texas. (Jordan Wonderhar/Bloomberg via Getty Images)
Sales of new homes for the family in April received from a seasonally adjusted speed of 743,000, and sales amounted to 3.63 million.
