The United States would need at least ten years and more than $10 billion in sawmill construction alone to fully replace Canadian lumber imports with domestic production, according to a new report by the U.S. Economic Research Association (ERA). Factoring in rising costs for steel, machinery, and labor, the actual investment could be significantly higher, the report warned—drawing widespread attention across the wood products industry. The findings come as the U.S. government aims to reduce reliance on foreign lumber and boost domestic capacity. To completely substitute Canadian imports, U.S. lumber output would have to increase ...