US lumber prices climbed to $617 per thousand board feet, the highest level since October, as constrained supply outweighed subdued conditions in the housing market.<\/p>\n
The US lumber market remains tight, with domestic production failing to fully offset reduced imports from Canada following tariffs.<\/p>\n
Canada still supplies roughly 30% of US consumption, underscoring its continued importance despite trade barriers.<\/p>\n
The US Commerce Department has proposed lowering combined duties on Canadian lumber to 24.8% from 35.2%, but an additional 10% Section 232 tariff keeps the effective rate close to 35%.<\/p>\n
Supply pressures have been further intensified by wildfire damage and other production disruptions in Canada, prompting British Columbia to introduce emergency measures aimed at boosting timber availability after storms and fires threatened output.<\/p>\n
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