NAHB Welcomes Biden Administration Move to Lower Lumber Tariffs

Housing Affordability

With lumber prices experiencing extreme price volatility this year and harming housing affordability, NAHB has relentlessly been calling on the Biden administration to eliminate — or at the very least reduce — duties on Canadian lumber shipments into the United States.

Today, the Commerce Department took a positive step forward by issuing its third administrative review to reduce duties on shipments of Canadian lumber into the United States from 17.99% to 11.64%.

Following the Commerce action, NAHB Chairman Chuck Fowke issued the following statement to the media:

“NAHB welcomes the Biden administration’s move to reduce duties from 17.99% to 11.64% on softwood lumber shipments from Canada into the U.S. Reducing these tariffs is an important step forward to addressing America’s growing housing affordability crisis and easing extreme price swings in the lumber market that have added more than $18,600 to the price of a new home since late summer.

“To help further address the nation’s housing affordability challenges, we encourage the Biden administration to build on today’s positive development by taking the following actions: enter into negotiations with Canada to achieve a new softwood lumber agreement that will eliminate duties; increase the domestic supply of timber from public lands in an environmentally responsible manner; and seek immediate remedies to the lumber and building materials supply chain that will increase production and lower construction costs.”

Since the Commerce Department doubled lumber tariffs from 8.99% to 17.99% last November, NAHB has led the charge to overturn this action by taking the following actions:

Lower tariffs would mitigate uncertainty and associated volatility that has plagued the marketplace, which could help ease upward price pressure on lumber prices.

NAHB continues to work on all fronts to find solutions that will ensure a lasting and stable supply of lumber for the home building industry at a competitive price.

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