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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 ...
What are tariffs and will prices go up? ... The sector has been largely free of tariffs since the 1990s. ... The industry body has "serious concerns" that the tariffs on lumber could increase the ...
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 ...
A tariff could result in a substantial jump in fuel prices for American consumers. It’s worth noting that energy products from Canada will only face a 10% tariff, instead of the full 25% one ...
And so a 25% increase in any product is going to hurt," she said. “And we can’t just raise our prices every time the cost goes up to us. So we are losing a lot of money.” In addition to the steel and China tariffs, other tariffs on Mexican and Canadian goods have been temporarily put on hol d, but they could be implemented later. So ...
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 ...
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 ...