"Lumber prices" refers to the cost or price of wood used in construction or woodworking projects.
Full definition
Although builders are struggling with shortages of labor and lots, as well as
higher lumber prices, market conditions on balance remain favorable, and we expect solid growth in the 55 - plus housing sector.»
The tax has already notched down to 5 % from 15 % thanks to the steady rise
in lumber prices in 2012.
With
lumber prices skyrocketing, skilled labor in short supply and new limits on state and local tax deductions already raising the effective cost of homeownership, a rise in short - term interest rates will force even more potential buyers to the sidelines.
«Across the nation, there typically is no persistent impact [
on lumber prices] over the medium - term,» Dietz said.
Under this agreement, which was scheduled to expire in 2012 until being extended for another two years, the U.S. agreed to lift antidumping duties so long
as lumber prices remained above a certain level.
In the latest agreement, implemented in 2006, the U.S. agreed to drop anti-dumping tariffs as long as
lumber prices remained at an acceptable level.
With lumber prices skyrocketing, skilled labor in short supply and new limits on state and local tax deductions already raising the effective cost of homeownership, a rise in short - term interest rates will force even more potential buyers to the sidelines.
As if you need more proof that inflation is finally starting to pick up,
lumber prices rose to a 12 - year high last week, supported mainly by expectations that steep duties will soon be levied on cheap softwood imports from Canada.
This answer was in a response to a question brought by Rep. Kenny Marchant (R - Texas), who said that Texas home builders are concerned how the lumber tariffs have escalated
lumber prices by 40 % to 60 % in just the last year.
In contrast to oil's oversupply, the timber shortage should help
support lumber prices for years to come.
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.
This outlook largely stems from an expected rise in housing starts, which should
lift lumber prices.
The Commerce Department has imposed tariffs averaging 20 % on Canadian lumber shipments into the U.S. NAHB believes the tariffs are harming housing affordability, home builders and consumers by artificially
inflating lumber prices, which are running at an all - time high.
They may have started a project three years ago and now there's a shock to oil prices, but that doesn't materially
affect lumber prices because it's getting shipped down to the U.S where housing starts are picking up so they are taking a lot of Canadian softwood lumber,» he says.
In particular, NAHB has been tracking the run - up in gypsum prices and, more recently,
lumber prices due to supply issues in Canada.
Near - record
high lumber prices, continued and growing demand from the U.S. housing sector and a low Canadian dollar helped them do so.
But spikes
in lumber prices are driving up the cost of construction, Jernigan said.
Even before the rains of Hurricane Harvey had ceased, NAHB was focused on raising awareness of the potential effects
on lumber prices and applauding legislative actions to postpone duties on Canadian lumber.
This seems like a high threshold now, given that
lumber prices fell below that for only six weeks in 2004 and four weeks last year.
For example, iron and steel prices are down 11.5 percent and
softwood lumber prices are 7.4 percent lower than one year ago.
The trifecta of Chinese demand, a recovery in the U.S. housing market and the pine beetle outbreak has Swetlishoff convinced that
lumber prices are heading higher.
In addition, higher
lumber prices will lead to substitution towards steel, engineered wood products and concrete in some construction applications.
Industry observers believe high
lumber prices will provide some short - term relief until the addition of anti-dumping duties punish small and independent producers.
Historically,
lumber prices have risen following natural disasters, but those increases were mainly concentrated within the storm - affected regions, according to NAHB Chief Economist Robert Dietz.
And that figure could grow if domestic producers can't meet demand;
lumber prices are already up 14 % since January.
You see, I'm avoiding any DCF valuation because I simply don't feel that projecting paper, pulp and
lumber prices will serve me well.
Weyerhaeuser is incredibly levered to higher
lumber prices and production volume — both at the same time would be even better.
On the demand side, a slow but improving US housing recovery, combined with slower but still strong growth in China will keep upward pressure on
lumber prices.
The increase in
lumber prices may trigger a reduction in the import tariff.