The Trump Administration's tariffs on Canadian lumber are passing costs down to homebuyers, according to industry experts.
"Higher lumber costs, labor shortages and growing regulations are holding U.S. builders back as they try to ramp up construction to meet the huge demand for housing," reports Steve Brown.
Brown is sharing information from the National Association of Home Builders: "builders around the country are forecast to construct almost 910,000 houses this year and increase production to 1 million homes by 2020." Last year the industry "starting about 850,000 single-family homes nationwide…" Robert Dietz, chief economist of the National Association of Home Builders, says that pace is under-building to meet demand.
Dietz credits the high cost of land in slowing housing starts, saying labor shortages have been more commonly responsible for the industry's sluggish pace in the past. Materials are also driving up costs. "A spike in lumber prices caused by the Trump administration's tariffs on Canadian wood products is one of the biggest burdens on builders, Dietz said." Dietz also said that the lumber tariffs are driving up the cost of a new home by $9,000.
FULL STORY: U.S. builders say Trump's tariffs are adding $9,000 to new home price, and that's not all
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City of Malibu
EMC Planning Group Inc.
Jefferson Parish
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
Harvard GSD Executive Education
City of Rohnert Park
City of Hot Springs
City of Lakeway, Texas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Hand Drawing Master Plans
This course aims to provide an introduction into Urban Design Sketching focused on how to hand draw master plans using a mix of colored markers.
