Page 27 - JanuaryBuilderBrief

• an increase of 885 million board feet in lumber shipments from Canada pose a threat of
output of U.S. producers for the domestic injury to domestic lumber producers.
market “We are disappointed by the ITC ruling and
• a 6.9 percent increase in the price paid by believe this is a protectionist measure designed
U.S. customers for softwood lumber to safeguard the interests of major domestic
lumber producers at the expense of American
It is well known that home builders are among consumers,” MacDonald said in a press
the major U.S. consumers of softwood lumber. statement.
The effects of the increased price the duty would “This decision means the tariffs imposed by
cause them to pay (assuming the conventional the Commerce Department will remain in effect
price elasticity for housing demand of -1) include a for Canadian lumber shipments into the United
States. These tariffs are acting as a tax on
• $1,360 increase in the price of an average
single-family home American home buyers and lumber consumers.
“NAHB estimates that these tariffs will increase
• $478 increase in the market value of an the price of an average single-family home
average multifamily home.
built in 2018 by $1,360. Since the U.S. doesn’t
• $1.1 BILLION reduction in investment in produce enough lumber to meet the nation’s
single-family structures domestic needs, we need to take steps to boost

• $147 MILLION reduction in investment in domestic production. At the same time, the U.S.
multifamily structures and Canada need to hammer out an equitable
agreement to resolve this ongoing trade dispute
NAHB Chairman Granger MacDonald said the that will provide American consumers a steady
association is not satisfied with today’s ruling by supply of lumber at a reasonable price.”
the International Trade Commission (ITC) that NAHB DEC 2017

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ReserveTechInteriors.indd 1 JANUARY 2018 | GREATER SAN ANTONIO BUILDERS ASSOCIATION 12/14/17 8:49 AM 27