U.S. Houses Are Using More Russian Lumber, Thanks to Canada Spat - Bloomberg

U.S. Houses Are Using More Russian Lumber, Thanks to Canada Spat - Bloomberg

...The dispute has increased material costs for house builders in the U.S. by 20 percent, ...

The additional cost of Canadian lumber is not only saddling U.S. consumers with extra costs but threatens to price some of them out of the market, according to Howard. For every $1,000 price increase of a home, 150,000 people are priced out of the market, he said.

“Fewer houses are being built at the moderate price points, and they’re not being built because the cost of lumber puts them out of too much of the consumers’ buying range," he said.