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Pricey Lumber Is Back Boosted by Supply Cuts, Labor Shortage

  • U.S. is expected to double Canadian softwood lumber tariff
  • Rise signals homebuyers will face elevated prices for longer
Bloomberg business news
Global Supply Chain Chaos
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High lumber prices are back, even as the industry steps into what is normally a seasonal lull.

Prices are climbing amid tight supplies and a pickup in homebuilding. Western Canada is seeing reduced output and the U.S. south is grappling with labor shortages. The U.S. is also expected to double duties on a common Canadian wood next month, adding to costs.