NAHB Urges White House Action on Lumber Prices
WASHINGTON, DC — With builders continuing to grapple with lumber price swings and supply chain disruptions, the National Association of Home Builders has once again appealed to the White House to redouble its efforts to address lumber price volatility and address supply chain bottlenecks for lumber and other building materials.
The Washington, DC-based NAHB this week sent a letter to President Biden, requesting that government officials address three key issues that, if unaddressed, “will severely hamper the ability to provide affordable housing and provide jobs to strengthen the economy,” said the association, which has already conducted several meetings on the subject with top administration officials.
“While lumber prices have fallen precipitously since peaking in mid-May, prices have been moving upward over the past month,” said the 140,000-member NAHB, urging the Biden administration “to make it an important priority to address lumber and building material supply chain issues that are contributing to price volatility and harming housing affordability.”
The NAHB urged U.S. officials address the current congestion at the ports and to “return to the negotiating table with Canada and develop a new softwood lumber agreement that will end tariffs on lumber shipments into the U.S.”