Homebuilders urge Biden to help cut costs for market in ‘extreme duress’

The National Association of Home Builders has asked the White House to take action to address the supply-chain disruptions that are pushing up the costs of materials and labor. In a letter sent Wednesday, April 27, 2022, the group said the volatility in lumber prices alone has raised the cost of a typical single-family home by more than $18,600 since last August. Among its proposals are the suspension of tariffs on softwood imports from Canada, and the reduction of regulations that account for nearly 25% of the price of building a single-family home and more than 30% of the cost of a typical multifamily development. The group says taking these actions will help provide more homeownership and rental housing opportunities for all Americans. Some 78 homebuilders from across Mississippi joined the letter.

Read the Letter