RE:RE:US doesn't need Canadian LumberJust wait till the fire , tornado and Huricane damaged homes need to be replaced to see how much Canadian lumber is not needed.
The current cost of the lumber package for a typical single-family home is about $30,000 — $13,000 more than it was in April 2020. Although a price spike of this magnitude adversely impacts all home buyers, it is much more difficult for buyers of entry-level homes with modest incomes to absorb.
In fact, higher costs have already priced out some buyers, particularly at the lower end of the market. A year ago, 36% of new home sales nationwide were priced below $300,000. In October 2021, only 21% of new home sales were priced below $300,000. While demographic-based demand remains solid, lack of entry-level supply remains a challenge for the market.