As if homebuyers, contractors and do-it-yourselfers don’t have enough to think about in this summer’s hard-to-read economy, the price of framing lumber has skyrocketed from $600 per thousand board feet to more than $1,400 in the last six months. Higher-cost lumber has added an estimated $36,000 to the average price of a new home.

Some may wonder about President Donald Trump’s 2017 decision to impose 20 percent tariffs on Canadian timber products, and we should all question Biden administration threats to reimpose them.

About the writer: Bruce Yandle is a distinguished adjunct fellow with the Mercatus Center at George Mason University, dean emeritus of the Clemson College of Business and Behavioral Sciences, and a former executive director of the Federal Trade Commission. Distributed by TNS.

(1) comment

Yea, Buddy

Best economy in the history of USA, the world. Of course the factories were closed, and wood shortage is Trumps fault. Yeah, right, yep. LOL

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