Lumber Prices
An impending wave of import tariffs poised to drive up the cost of construction was narrowly averted on Monday after President Donald Trump put a pause on their implementation. Trump touted tariffs on the campaign trail as a tool to raise revenue and remediate the nation’s trade deficits. Rhetoric became official U.S. policy this past…
Business for Dallas-Fort Worth homebuilders has changed drastically since the onset of the COVID-19 pandemic. While demand for new housing stock created market conditions that had builders canceling contracts with buyers and cutting out agents, a new report from the National Association of Home Builders shows a steep decline in outlooks for homebuilders in the…
When President Trump authorized a tariff on Canadian lumber, the act was hailed as a way to protect domestic industry in a time when cheaper imports were drawing more and more dollars across our borders and overseas. However, with the coronavirus wreaking havoc on labor and staffing, and many sawmills going idle in anticipation of…
You’ve heard it here frequently: Building materials cost more now than they have ever before. It’s hitting home builders on all price points, from entry-level markets to higher-end custom homes. But what happens when the cost for materials blows the sales price on the contract out of the water? How much (or little) should a…
After months of dealing with COVID-19 issues, who would have predicted that one of the biggest hindrances caused by the virus would be the soaring price of lumber. Not a day goes by without someone mentioning how the price of materials, especially lumber, continues to cause delays and increases in the overall price of new…
