New US tariffs on Canadian wood products threaten to raise construction costs for US homebuilders and squeeze supply chains already stretched thin as a potentially long and bruising trade war gets underway. …“Basically, the fact that there’s import tariffs on Canadian shipments to the US and vice versa is going to raise the cost of production for everyone, ultimately through the housebuilder to the consumer,” wood market expert Russ Taylor told Mortgage Professional America. …The full impact on homebuilders could take a few months to become clear but the direction of travel is clear, he said. “The builders either can’t find product or the prices go higher for certain products, and then that starts to influence homebuilders,” he said. “Probably not right away – everyone’s got inventory to sell – but certainly looking ahead a couple of months from now, that’s when some shortages or stockouts could start to occur.”