Housing Industry Calls for U.S. Action on ‘Skyrocketing’ Lumber
- U.S. Commerce Secretary urged to find ways to lift production
- Analysts say homebuilding is causing demand to outstrip supply
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Soaring lumber prices and chronic shortages are prompting key U.S. housing industry participants to call on the Biden administration to find remedies that’ll boost wood production.
Thirty-seven organizations are calling for the “immediate attention” of U.S. Department of Commerce Secretary Gina Raimondo to address “skyrocketing” lumber prices and supply constraints they say endanger economic recovery and housing affordability.