Wilbur Ross: Duties on Canadian lumber won’t mean significant spike in home prices

Secretary of Commerce Wilbur Ross said Tuesday he doesn’t expect U.S. home prices to increase even after a 20 percent tax on imports of Canadian softwood lumber, commonly used in the construction of single-family homes.

Ross told reporters Tuesday that the move by the administration to retroactively apply the duties Canadian lumber might cause some small increase in lumber costs, but it won’t have a major effect on home prices.

“We do not think the price of lumber will go up anything like the 20 percent, but there may be some small increase in the price of lumber for the house,” he said.

Ross added that the cost of constructing a home isn’t based primarily on the actual materials used to build the house.

3 Comments - what are your thoughts?

  • Orris herland says:

    The so called free trade with Canada is one sided, they can send what they want to the US, but try to get a product to Canada, good luck.

    1. Moniquekgonzalez says:

      My last paycheck was $22500 for working 12 hours a week online.Start earning $97/hour by working online from your home for few hours each day with GOOGLE… Get regular payments on weekly basis… All you need is a computer, internet connection and a litte free time… Read more here
      ➽➽;➽➽ http://GoogleFinancialCashJobs316DigitalBlogGetPaid$97/Hour ★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫★★★✫::::::!sd26c:….,……..

  • bobnstuff says:

    The Canadian Lumber industry has some advantages over the US in that they don’t have to figure the cost of health insurance into their prices. This my not sound like much but labor is a major expense in the lumber industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.