Lumber prices are down nearly 40% from their peak in May, but there is more to be done to help the home building industry recover from its supply chain woes, Commerce Department Secretary Gina Raimondo told the National Association of Homebuilders leadership council recently.
"President Biden and the Department of Commerce are committed to getting the industry back on its feet. Supply chain disruptions are at the top of my mind. We want to make sure you have access to the materials you need to start new construction," Raimondo said in a presentation.
Noting she has been appointed co-chair of the White House Supply Chain Task Force, the Commerce Secretary said she wants to work with public and private stakeholders to find long- and short-term solutions to the problem.
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