As the price of board lumber reaches an historic high, the National Association of Home Builders has increased pressure on the Biden Administration to rein in lumber costs.
The recent jump in prices has added nearly $36,000 to the price of an average new single-family home and $119 a month to rent a new apartment, according to NAHB estimates. NAHB officials recently met virtually with White House staff from the Domestic Policy Council, National Economic Council, and the Office of the Vice President.
The discussion included mill capacity issues, mill worker shortages, and the impact of lumber prices on the housing affordability crisis. NAHB said the Biden Administration was noncommittal on the requests, but open to future discussion.
NAHB previously held discussions with congressional leaders and administration officials, and the organization has encourage local chapters to lobby on a grassroots level. The lumber shortage and high costs are expected to persist until new sawmills come online and existing mills re-open and ramp up to full capacity.
Related Stories
Codes and Standards | Jun 21, 2017
Senate bill would prohibit tax money for sports stadium projects
Bipartisan legislation would prevent use of municipal bonds by pro teams.
Codes and Standards | Jun 19, 2017
Developer, architect hit with $10 million construction defect verdict
Case pertained to construction of condo development that was not fire code-compliant.
Codes and Standards | Jun 19, 2017
Green building advocates erect icehouses on Penn. state capitol steps to make point on codes
State’s codes have not been updated since 2009.
Codes and Standards | Jun 15, 2017
Cornell Tech unveils plans to reach Net Zero at The Bloomberg Center
Campus plans include photovoltaic arrays and geothermal ground source heat pumps.
Codes and Standards | Jun 13, 2017
Canada Green Building Council and Green Business Certification Inc. announce partnership
New joint venture will deliver enhanced services and support tools and programs throughout Canada.
Codes and Standards | Jun 8, 2017
Nail-Laminated Timber Design and Construction Guide released
New document focuses on design and construction considerations for horizontal NLT applications.
Codes and Standards | Jun 8, 2017
Car sharing popularity means parking zoning and codes may be promoting overbuilding of garages
Some designers look to modular designs in anticipation of alternate uses.
Codes and Standards | Jun 7, 2017
IAPMO advances toward new 2017 Water Efficiency and Sanitation Standard
Revised pipe-sizing method for residential applications will be included.
Codes and Standards | Jun 7, 2017
New Colorado law could stimulate stalled condo market
Construction defect law modifications could ease litigation risk and cut insurance rates.
Codes and Standards | Jun 6, 2017
New York City will require construction superintendents on buildings higher than three stories
New laws focus on construction safety.
