Lumber Supply and Housing Affordability
American lumber producers are capable of providing most of the domestic demand for lumber, but are handcuffed by unfairly traded Canadian imports. In 2005, U.S. softwood lumber producers and workers produced enough lumber to supply 85 percent of today’s demand. The Canadian subsidies have led to a flood on the market of excess Canadian lumber. As a result, U.S. producers today supply only about two-thirds of U.S. lumber demand. Freed from unfair trade, the United States has the resources to grow production to meet much more of our country’s demand. While fair trade will add a minuscule increase in the price of a new home – around $2 per month, the cost of unfair trade to U.S. jobs and the U.S. economy is incalculable.