Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Florida, issued the following statement after the Commerce Department lowered duties on Canadian lumber shipments into the United States:
"The Commerce Department's action to reduce duties from more than 20 percent to 9 percent on softwood lumber shipments from Canada into the U.S. is a positive development, but more needs to be done. Tariffs have contributed to unprecedented price volatility in the lumber market in 2020, leading to upward pressure on prices and harming housing affordability for American consumers. The U.S. needs to work with Canada to end the tariffs and achieve a long-term, stable solution in lumber trade that provides for a consistent and fairly priced supply of lumber."
To learn more about the NAHB, visit nahb.org.