Prices for Canadian softwood lumber imports in the US reach record highs
The prices for softwood lumber imports from Canada to the US have skyrocketed 30% since Hurricane Harvey hit last summer and mostly as a result of the tariffs imposed by the U.S. Commerce Department. “This was the highest week-end futures price we have on record, dating back to January 1995,” said David Logan, director of NAHB’s tax and trade policy analysis. “There was a short reprieve for price increases following the hurricane, but prices have risen sharply this month.” In recent months, OSB prices have declined gradually but this decline stopped ...
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