The import tariffs imposed by President Donald Trump on lumber are not expected to have a lasting effect on the U.S. market. While the tariffs may cause short-term disruptions, broader market forces continue to shape the industry. Stagnant megatrends Long-term trends in the U.S. housing market indicate significant pent-up demand. A prolonged period of underconstruction, spanning 15 years, has left a generation of buyers waiting to enter the market. Many in their early thirties, a key demographic for homeownership, have postponed purchasing a home due to high mortgage interest rates. The sharp ...