Woodworking Network: Lumber executive says softwood duties are not causing housing unaffordability
August 26, 2019|
Originally Published in Woodworking Network by Robert Dalheim
The executive director of the U.S. Lumber Coalition, a trade group formed around the issue of lumber imports, says softwood lumber pricing is not a primary factor in American homeownership and housing affordability.
“Lumber makes up less than 2 percent of the cost of a new home,” director Zoltan van Heyningen wrote in The Hill. “An average new home costs $377,200, and about 16,000 board feet of lumber is required to build a home. As of July 2019, lumber cost $359 per thousand board feet, amounting to a total cost of $5,744 in an average-priced home.”
van Heyningen says the actual sources of housing unaffordability are construction worker shortages, higher permitting costs, and a lack of buildable lots. He says lumber prices have remained consistent over the past decades.
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