Lumber Prices Soar With War in Ukraine

[{"selector":"#anim-6af325de-c027-4c0a-b1b5-e587d021ab93","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f037064a-5861-43b6-af1f-495c37b80276","keyframes":{"transform":["translate3d(0px, 94.87548%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f3fd030-f687-46b7-8db1-a151d349aa77","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-967b707f-e2d7-475a-a34f-6a957a4d3d93","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4652285e-bb7c-4357-a31f-b616fef3b999","keyframes":{"transform":["translate3d(0px, -215.9004%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5aef6f1-f3c7-4f9b-a13a-363364fbb6f6","keyframes":{"opacity":[1,1]},"delay":0,"duration":500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a738d5e9-44fd-4cf2-bfa0-f6e693539137","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1eed2d60-b15d-47a0-834c-75f83443bb65","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c738f45-f388-4bce-a450-e04d0b13a010","keyframes":{"transform":["translate3d(122.62773%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8886eb32-bde6-4819-8b55-aa3f57eb0837","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b937f81f-f550-420a-bd4c-7fddb7bfebb9","keyframes":{"transform":["translate3d(-119.70803%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c76264b8-d878-40d5-92c5-b44b93573f6b","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Gray Frame Corner Gray Frame Corner How to Keep Construction Costs Down Learn more

[{"selector":"#anim-e21463cc-c5fb-42c8-8256-970652a1b31b","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-871eaeed-c4ca-4a0f-b8aa-753719cac435","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-9a818f3d-0436-405c-974c-ac1632bac43f","keyframes":{"opacity":[1,1]},"delay":0,"duration":500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9cf1adf5-1166-4955-ae15-bdac3055c088","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-60ef8f77-5cd2-4df3-8f02-c55c25f9b471","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3bc9750-98ce-43f3-8012-d9d468cf699a","keyframes":{"transform":["translate3d(0px, 269.77510%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The average home takes 16,380 board feet for framing alone, meaning an increase from $400 results in a $16,380 increase in lumber costs for a home. What is behind this rise? Learn more

The Rise in Lumber Prices Has Multiple Causes

[{"selector":"#anim-64caca9c-3df6-47f7-a0c3-7828ffb83dc6","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3180074-9ada-4866-b76c-91a00d956b79","keyframes":{"transform":["translate3d(0px, 566.89818%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1f646c0c-7689-4562-b17d-32bc5180cc36","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a57e4d62-fd13-4045-8952-71ad2b98d5d8","keyframes":{"transform":["translate3d(0px, 165.90225%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-813c7a1b-3bb5-48c3-9691-86e1aa1c8d60","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34a69a51-513b-425a-b8d4-ac8d7f7c9754","keyframes":{"transform":["translate3d(0px, 1093.37244%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-28ea0792-e19c-43ad-985b-84fef0038d36","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a875f563-9535-451e-b9eb-ffb03e0684cc","keyframes":{"transform":["translate3d(0px, 94.73967%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Russia is a significant exporter of lumber products globally. They are accounting for 21% of global sawn wood exports in 2020. Learn more

[{"selector":"#anim-296df955-9009-45f6-980c-5aea2844ed01","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bfef26ca-c288-43d3-82fe-83b203b867ee","keyframes":{"transform":["translate3d(0px, 213.63282%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f2b6b2c-ae2e-4f2d-9c63-efe16ca8d31f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96c78ccb-73cf-4860-bc0b-e8c41c95df15","keyframes":{"transform":["translate3d(0px, -95.60791%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Because it is such a prominent exporter, sanctions imposed on Russia will impact the market for lumber worldwide even if Russian imports do not constitute a large proportion of our direct imports. Learn more

On November 24th of 2021, the US Government imposed an increased tariff on imports from Canada. The tariff increased from 8.99% to 17.99%.

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[{"selector":"#anim-d85e4c65-2088-44b1-8dfe-57b2987dce43","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f079f222-3a9a-4a30-aefb-fb91f4d735f9","keyframes":{"transform":["translate3d(115.58442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dbf780ae-70dc-4ab8-b39d-ff7c90d1462f","keyframes":{"opacity":[0,1]},"delay":200,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0ebc641-9d1d-4166-80d9-e7cf4daa4fb8","keyframes":{"transform":["translate3d(0px, -100.05848%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Since tariffs usually have an impact on the importer, this amounts to a 9% increase in lumber prices imposed by the US Government on lumber imported from Canada. Learn more

When Will Volatility Settle Down?

[{"selector":"#anim-b2b79d2a-043a-4cf1-ad89-7a75c555be3d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2774120e-0b13-4888-a263-56878b72afd8","keyframes":{"transform":["translate3d(0px, -200.37656%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-23b7a52c-4a03-4f84-bc40-9869526536ba","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9fd275a-a6ad-4507-9f29-9b29bce0ca65","keyframes":{"transform":["translate3d(0px, -208.37478%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] There is no end in sight for the lumber price volatility in the short term. However, with the war in Russia going on, spring coming, and supply chains in Canada slowly restoring, equilibrium could take a while. Learn more

Methods to Reduce Costs Amidst High Lumber Pricing

[{"selector":"#anim-082a57a1-4134-4203-996a-acd7d183ae20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-532d6311-4288-4244-8a3f-12e9fb6c816c","keyframes":{"transform":["translate3d(115.78947%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-89404a34-f95f-4b60-bce9-7c6110016987","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a29b0f42-3be4-4dcb-a17a-062fe4232b86","keyframes":{"transform":["translate3d(0px, -95.1353%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad8c556f-4e4f-459d-9caf-e4c4ae6383d2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e978a308-a7b0-4475-b4f7-69b7972f5ea4","keyframes":{"transform":["translate3d(0px, -768.17291%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The best time to think about what options you have to keep costs under control is when you are designing and planning your home. Learn more

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