Rising costs for raw materials, particularly lumber, and supply chain disruptions are adding to the bottom line. When the pandemic hit, lumber producers feared a repeat of the Great Recession. They cut production and unloaded inventory. But demand soared, catching them by surprise. The price of lumber spiked to $1,500 per thousand feet of board in March, a 400 percent year-over-year increase. The Biden administration’s decision in November to double the tariff on Canadian lumber to 18 percent, up from 9 percent during the Trump administration, also affected prices. Canada has been the largest U.S. trade partner for lumber, providing about 30 percent of U.S. supply.
Read more…
[independent_vc_block_7 post_icon="no" animate_type="left" ajax_filter="yes" tab_hide="yes" filter_name="cat" cat="48" exclude_post_ids="2904" post_per_tab="3" grid_title_variation="h6" grid_thumb_size="independent_grid_3" grid_items="{``Enabled``:{``image``:``Image``,``title``:``Title``},``disabled``:{``primary-meta``:``Primary Meta``,``secondary-meta``:``Secondary Meta``,``content``:``Content``}}" grid_primary_meta="{``Left``:{``author``:``Author Icon``,``date``:``Date``},``Right``:{``comments``:``Comments``},``disabled``:{``author-with-image``:``Author Image``,``read-more``:``Read More``,``likes``:``Like``,``views``:``View``,``favourite``:``Favourite``,``category``:``Category``,``share``:``Share``,``rating``:``Rating``}}" grid_secondary_meta="{``Left``:{``likes``:``Like``},``Right``:{``read-more``:``Read More``},``disabled``:{``author``:``Author Icon``,``date``:``Date``,``comments``:``Comments``,``author-with-image``:``Author Image``,``views``:``View``,``favourite``:``Favourite``,``category``:``Category``,``share``:``Share``,``rating``:``Rating``}}"]
