Members of Congress and officials within the Biden Administration appear to be listening to the pleas from the building industry, led predominantly by the National Association of Homebuilders, to intervene as skyrocketing lumber prices drive up home prices.

In a May 12 Senate Finance Committee hearing, US Trade Representative Katherine Tai told Senate lawmakers that she would “push for solutions to the lumber pricing issues” and address the issue of tariffs on Canadian softwood lumber imports into the United States. She echoed the sentiment the next day in a House hearing, in which four bipartisan members of Congress discussed the need to boost lumber production and end tariffs on Canadian lumber imports into the US.

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