Commerce Secretary Gina Raimondo and National Association of Home Builders CEO Jerry Howard discussed the possibility of convening a summit on lumber prices building materials issues that would include representatives from the federal government, the lumber supply chain and the home building industry.
The discussion happened in late May during a meeting with the Commerce Department leader and the NHAB senior officer team.
NAHB Chairman Chuck Fowke gave her credit for recognizing the price problem has become severe: "Commerce Secretary Raimondo understands that high lumber costs are adding tens of thousands of dollars to the price of a new home. "She heard our stories and acknowledged that she is concerned–and that President Biden is concerned–about the effect of the lumber price problem on the broader economy."
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