National Economic Council Hears NAHB Concerns on Lumber
In a special webcast for association leaders and members across the land on NAHB efforts to combat rising lumber prices and supply shortages, NAHB Chairman Chuck Fowke said that Senior Officers held talks with members of the White House National Economic Council (NEC) on Aug. 28 to discuss the impact that soaring lumber prices are having on the housing industry.
“The White House is listening to us,” said Fowke. “They are moving and trying to get something done. They understand the importance of our industry.”
Since mid-April, the composite price of lumber, per Random Lengths, has soared more than 160%. This surge is adding approximately $16,000 the price of a new single-family home and more than $6,000 to the average new apartment, according to the latest NAHB economic analysis.
Click Here to read more from NAHB, including information on the Association’s advocacy seeking to increase lumber production and urging the Administration work for a new softwood lumber agreement that would end tariffs averaging more than 20% on Canadian lumber.