With the deadline to reach a new softwood lumber agreement with Canada about a month away, Sens. Jack Reed (D-R.I.) and James Inhofe (R-Okla.) wrote U.S. Trade Representative Michael Froman " urging him to take into account the interests of domestic lumber consumers, including home builders, as talks progress with Canada on a new softwood lumber agreement," NAHB Now reports.
The senators asked Froman to consider "not only the impact of price fluctuations on the domestic lumber industry, but also on those secondary industries and consumers that rely on softwood lumber for their economic well-being."
NAHB expressed its agreement with the Senators:
As U.S. and Canadian negotiators discuss the parameters of a new agreement, NAHB believes that it must be mindful of the U.S. housing market to ensure American consumers have access to a stable, dependable and affordable lumber supply. The letter from Sens. Reed and Inhofe seeks to address NAHB’s concerns. The latest three-year average share of Canadian imported lumber in the U.S. market is 28%.