Commerce Department Secretary Gina Raimondo has promised to make lumber prices a priority.

The pledge came last week in response to a request by Rep. Robert Aderholt (R-Ala.) at a House Appropriations subcommittee hearing.

Describing the home building industry and the housing sector as "struggling," Raimond said Commerce's International Trade Administration would try to identify the root causes and find a solution.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.