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Solving the Lumber Crisis

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Since mid-April, lumber prices have soared nearly 120% but are down roughly 20% since mid-September. The unprecedented lumber price spike over the last several months has added nearly $16,000 to the price of a typical new single-family home.

This sharp increase also threatens the affordability of new homes and the housing sector, which is leading the nation’s economic recovery.

The escalating lumber prices in recent months are due to the fact that there is not enough domestic production. Many mills reduced production due to stay-at-home orders and social distancing measures enacted by state and local governments at the onset of the coronavirus pandemic. Mill operators projected that housing would be adversely affected by the crisis and anticipated a large drop in demand. But housing weathered the storm much better than was predicted, and demand for lumber has accelerated.

NAHB continues to seek prompt action from the Administration by calling on domestic lumber producers to ramp up production to ease growing shortages and making it a priority to work with Canada on a new softwood lumber agreement that would end tariffs averaging more than 20% on Canadian lumber shipments into the U.S. market.

Working in tandem with NAHB, nearly 100 lawmakers recently sent a letter to President Trump seeking prompt action to address lumber supply shortages and subsequent price hikes that are threatening the housing market and economy.

View the letter

Latest News

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Escalation Clause for Lumber Materials NAHB recommends including an escalation clause in contracts that indicates if lumber prices increase by a certain percentage, the customer would be required to pay the extra costs.
Framing Lumber Prices
<p>View the weekly change in composite and future lumber prices for an overview of the behaviors within the U.S. framing lumber pricing market.</p>

Framing Lumber Prices

Framing Lumber Prices

View the weekly change in composite and future lumber prices for an overview of the behaviors within the U.S. framing lumber pricing market.

Learn more
Canadian Softwood Lumber
<p>The tariffs on Canadian softwood lumber are acting as a tax on American home builders and home buyers, making housing less affordable for American families.</p>

Canadian Softwood Lumber

Canadian Softwood Lumber

The tariffs on Canadian softwood lumber are acting as a tax on American home builders and home buyers, making housing less affordable for American families.

Learn more
Lumber Take Action Now
<p>NAHB encourages members to contact your individual members of Congress and tell them how this lumber crisis is harming your businesses and our industry by logging onto BuilderLink.</p>

Take Action Now

Take Action Now

NAHB encourages members to contact your individual members of Congress and tell them how this lumber crisis is harming your businesses and our industry by logging onto BuilderLink.

Go to BuilderLink
NAHB Keeps Lumber Prices in the Headlines
<p>See how NAHB is advocating for the Administration to address the impact of lumber prices in the housing sector.</p>

NAHB Keeps Lumber Prices in the Headlines

NAHB Keeps Lumber Prices in the Headlines

See how NAHB is advocating for the Administration to address the impact of lumber prices in the housing sector.

Learn more
Lumber Briefing Replay
<p>On Sept. 4, NAHB Chairman Chuck Fowke provided an update on NAHB efforts to combat rising lumber prices and supply shortages. NAHB members have exclusive access to this replay.</p>

Lumber Briefing Replay

Lumber Briefing Replay

On Sept. 4, NAHB Chairman Chuck Fowke provided an update on NAHB efforts to combat rising lumber prices and supply shortages. NAHB members have exclusive access to this replay.

Watch a replay