Sentences with phrase «driven lumber prices»

The Commerce Department has imposed tariffs averaging more than 20 % on Canadian lumber shipments into the U.S. that have driven lumber prices to record highs and harmed housing affordability.

Not exact matches

A key element in this shift is China; the value of Chinese exports to Canada tripled over this period and Canadian exports to China, while still small relative to exports to the US, have grown steadily in value driven by commodity exports which have been buoyed by high prices and huge demand in China for key Canadian exports such as minerals (nickel, coking coal, potash, copper and iron ore), pulp and lumber.

A new tariff on Canadian lumber threatens to squeeze an already tight housing inventory and further drive up soaring home prices.

The resources and mining industry in Canada is seeing a split between mining and forestry as one area slows due to falling commodity prices, while demand for lumber continues to drive a busy forestry sector.

At the same time, U.S. trade officials have started arguments with several of the country's largest trading partners, driving up prices for materials like lumber and steel.

A study by NAHB economists shows that the increase in the cost of lumber since the beginning of 2017 has been enough to drive up the price of an average new single - family home by $ 6,388, and the market value of an average new multifamily housing unit by $ 2,430.

But spikes in lumber prices are driving up the cost of construction, Jernigan said.