Builders Report Shortage Of Framing Lumber

According to a May survey from NAHB, 21 percent of builders reported a shortage of framing lumber, up from 7 percent in 2015.

HousingWire reports that home builders are concerned about the new tariffs on Canadian lumber imports. Last year, the U.S. used more than 47 billion board feet of lumber, while it produced slightly more than 32 billion board feet. Canada, according to HousingWire, makes up for 96 percent of the domestic shortfall.

At the end of June, a 7.7 percent anti-dumping duty was added to a 24 percent tariff on Canadian softwood lumber that was announced earlier in the spring.

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