Lumber futures stabilized around $570 per thousand board feet, nearing their lowest point since early February, and marking a sharp drop from late March when prices briefly spiked to $685, the highest in two and a half years. The threat of additional trade tariffs continues to weigh on the construction sector, dampening demand and slowing housing starts. The US produces only 35 billion board feet of lumber annually, far short of the 50 billion board feet it consumes, making it heavily reliant on imports. While steep duties on Canadian softwood lumber have long been in place, these tariffs are set to more than double by September, further driving up material costs for builders. Additionally, concerns are rising that Washington could impose tariffs on European wood, which would directly impact Swedish exporters.