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November 5, 2020
How the US presidential election could impact lumber prices?
No matter who wins the presidential election, National Association of Home Builders CEO Jerry Howard said that lumber prices might be a wash. Lumber prices have skyrocketed 160% since April because there is not enough domestic production, adding about $16,000 to the cost of building a new house, according to NAHB. But the different solutions each candidate might apply to the problem will likely balance the other out, Howard said. “I think lumber prices would probably remain around the same and I’ll tell you why: If Trump wins ...
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