Trump’s tariffs on Canadian lumber are pricing Americans out of the U.S. housing market | Globalnews.ca

The statement goes on to suggest that the 20 per cent tariffs on imported Canadian lumber, which were implemented last November, have also added as much as USD $3,000 to the average price of a multi-family unit.

Randy Noel, chairman of the NAHB, writes that the association told Commerce Secretary Wilbur Ross in a meeting that the lumber prices are continuing to climb, and the problem is only exacerbated by tariffs on Canadian softwood lumber imports.

“Today, we discussed with Secretary Ross our mutual concern that lumber prices have risen sharply higher than the tariff rate would indicate, and that this is hurting housing affordability in markets across the nation,” Noel said in the statement by the NAHB.

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Trump’s tariffs on Canadian lumber are pricing Americans out of the U.S. housing market – National | Globalnews.ca.