NAHB continues to push Washington on lumber prices

NLBMDA Congress Washington

As lumber prices remain stubbornly high, the National Association of Home Builders says it continues to work relentlessly with the White House and Congress to seek solutions that will increase lumber production and bring prices lower.

NAHB CEO Jerry Howard and senior NAHB staff on April 29 held a virtual meeting with White House staff from the Domestic Policy Council, National Economic Council and the Office of the Vice President.

The discussion covered mill capacity issues, mill worker shortages, and how soaring lumber prices are exacerbating the housing affordability crisis and putting the American dream of homeownership out of reach of millions of households.

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Affordable housing is an important issue for the White House and NAHB says it was able to hammer home the fact that the lumber price spike over the past 12 months has added nearly $36,000 to the price of an average new single-family home and $119 more a month to rent a new apartment.

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