US Homebuilders: Canada Lumber Tariff to Hurt Wages, Raise House Prices

U.S. homebuilders on Tuesday criticized as “short-sighted” a government decision to impose anti-subsidy duties on imports of Canadian softwood lumber, saying it would cost American workers nearly $500 million in lost wages and raise house prices.

The National Association of Homebuilders said the duties averaging 20 percent announced by Commerce Secretary Wilbur Ross on Monday affecting some $5.66 billion worth of imports of the construction material were not the solution to the U.S.-Canada lumber trade dispute.

“If the 20 percent lumber duty remains in effect throughout 2017, NAHB estimates this will result in the loss of nearly $500 million in wages and salaries for U.S. workers, $350 million in taxes and other revenue for the governments in the U.S. and more than 8,200 full-time U.S. jobs,” the NAHB said in a statement.

“Lumber prices have already jumped 22 percent since the beginning of the year, largely in anticipation of new

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