MHI Calls on Department of Commerce to Address Lumber Shortage
MHI, along with more than 35 broad-based business organizations, called on Commerce Secretary Gina Raimondo to address the lumber supply shortage in the country. Stating that lumber prices have nearly tripled and oriented strand board (OSB) prices are up more than 250% since last spring, the letter urges the Secretary to immediately examine the lumber supply chain, identify the causes for high prices and supply constraints, and seek immediate remedies that will increase production.
The letter also notes that home builders, Including those who produce manufactured homes, are being forced to absorb these crippling increases in materials prices and costly delays in deliveries. In addition to the Department of Commerce, MHI has also been calling on the White House and Congress urging federal intervention and necessary action to support increased production of lumber.