The cost of wood is going right through the roof
Wholesale costs of lumber have soared in the past few weeks, driven by the continuing boom in new-home construction, the harsh winter that shortened this year's building season and the military's need for wood for U.S. troops' camps in Iraq. Given that wood accounts for a third of the cost of materials for new homes, the stratospheric increases soon will start to hit homeowners.
U.S. Commerce Department investigates duties on Canadian lumber
WASHINGTON (CP) - The U.S. Commerce Department is reviewing how it calculates anti-dumping duties of about eight per cent on Canadian softwood lumber exports.
The department has asked for submissions on the issue within 45 days. 'Should the department change its policy, as the coalition believes it should and will, the dumping duties on Canadian lumber would be expected to rise substantially,' said the U.S. Coalition for Fair Lumber Imports.