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Why the US and Canada are fighting over lumber again #trump #shorts
Bloomberg Television· 2025-07-25 08:01
The US and Canada are fighting over lumber again. They've been arguing about Canadian softwood lumber, which comes from fast growing evergreen trees like pine, since the 1980s. It's a big deal.This type of wood is widely used in home construction because it's cheaper, easier to work with, and grows faster than hardwood like oak. The US gets about a quarter of its softwood lumber from Canada, but tensions are heating up. In March, President Trump signed an executive order to boost US lumber production and in ...
How higher lumber prices will impact homebuilders
CNBC· 2025-05-27 07:00
This entire house is built out of wood. I mean, we really do have wood on the floor, wood on the walls, wood on the ceiling. Can't really get away from building a house like this without using a large number of wood products in the home.Steve Martinez owns a construction business in Boise, Idaho. He says volatile lumber prices have been causing uncertainty for his business. So, it's definitely a concern.you know, one bunk of this material, you know, going up tfold can cause a huge disruption from a price pe ...