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In the last six months average lumber prices have ranged from $475 to $625 per thousand board feet, about one-third the peak in 2021. Trump has threatened to add 25% tariffs on goods from Mexico ...
Days later, the trade group warned lumber costs would spike by 40% – even higher than the 25%, – if the tariff on softwood lumber products from Canada is imposed, because the tariffs would be ...
And it’s not just lumber at risk for tariffs: 71% of the imported $456 million of lime and gypsum (which are used for drywall) came from Mexico in 2023, according to the National Association of ...
So, if there’s a 25 percent tariff on imported goods from Canada and an American homebuilding company wants to buy $200,000 of Canadian lumber, they’ll need to pay an additional $50,000 to ...
Canada is the biggest foreign supplier of lumber to the United States. New tariffs scheduled by the Trump administration will drive up the cost of housing construction in the U.S. (James MacDonald ...
Cars would probably go up in price - by about $3,000 according to TD Economics. ... Imports of Canadian lumber would be hit by import tariffs to the US. Trump has said the US has "more lumber than ...
Here's what items could cost more once Donald Trump's tariffs go into effect. ... and many consumers are still reeling from the price surges lumber saw during the pandemic, which reached as high ...
The median price of a new home in December 2024 was $427,000, according to the Census Bureau. That’s up 30% in five years – and mortgage rates now are roughly double what they were just before ...