Construction Costs Grow, Imports Felled as Lumber Caucus Emerges — Panjiva
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Construction Costs Grow, Imports Felled as Lumber Caucus Emerges

Ags - Forestry 134 Canada 529 Materials - Construction 120 Tariffs 1866 U.S. 5399

A group of over 170 members of the U.S. House of Representatives has called on the Commerce Department to reopen lumber market access negotiations with Canada. That follows a 44% rise in lumber prices year-to-date vs. a year earlier which has increased construction costs in America. It seems unlikely that a resolution can be easily achieved – assuming the Commerce Department has an appetite to pursue it – given the fractious nature of NAFTA negotiations and the WTO case already brought by Canada. In the meantime U.S. imports of softwood lumber from Canada are down 28% in the three months...

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