Sentences with phrase «on lumber prices»

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.

«Across the nation, there typically is no persistent impact [on lumber prices] over the medium - term,» Dietz said.

Not exact matches

Louisiana - Pacific said it will pay C$ 3.76 per share for all of the remaining common shares in the Canadian lumber company, resulting in an approximate 30 per cent premium over the company's closing price of C$ 2.89 on Sept. 3.

Over the past 12 months, prices have increased 19 % on steel mill products, 17 % on copper and brass mill shapes, 7.6 % on gypsum products like wallboard and plaster, and 7.3 % on lumber and plywood, according to data released last week by the Bureau of Labor Statistics.

Contractors are already grappling with higher prices on key materials for construction projects like diesel fuel, steel, copper, wallboard, and lumber, said Ken Simonson, chief economist for the Association of General Contractors, a lobbying group with about 26,000 members which also includes suppliers.

Companies surveyed for the Institute for Supply Management's services index released on Wednesday said that while they're still expanding, they're worried about the tariffs and volatile swings in prices for lumber, steel and aluminum that make planning difficult.

«Given that home builders are already grappling with 20 percent tariffs on Canadian softwood lumber and that the price of lumber and other key building materials are near record highs, this announcement by the president could not have come at a worse time.

Canada currently supplies over 1/3 of U.S. lumber consumption and if the current rate of growth in housing starts continues, the U.S. will need to increasingly rely on higher - priced imported lumber from outside of North America to fulfill their needs if they impose a quota restriction on Canadian lumber.

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.

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.

It's too early to tell exactly how much of an impact hurricanes Harvey and Irma will have on the prices for lumber and other building materials, especially as other factors such as wildfires and duties are still uncertain.

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

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.

There are the usual objections that it will increase the cost of housing (estimated to be $ 9500 per house) but California houses go up by that much every month due to land prices, President Trump's tariff on Canadian lumber caused a 7 percent increase, and you probably heard the same thing when indoor plumbing became mandatory.

The market for lumber would then be based on ecologically honest prices, prices that would reduce tree cutting and encourage wood reuse and paper recycling.

The price break on plywood at most lumber yards is set at 50 sheets (or a bundle).

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.»

«Rising material prices, particularly lumber, along with chronic shortages of buildable lots and skilled labor are putting upward pressure on home prices and impeding a more robust housing recovery.»