Why is the Biden administration increasing the cost of building houses?

By Greg Rosalsky
National Public Radio
December 7, 2021
Category: Business & Politics
Region: Canada, United States

The average American home is now more expensive than it’s ever been. …The White House has declared that “President Biden is committed to using every tool to produce more affordable housing supply as quickly as possible.” Yet on Nov. 24, Biden’s Commerce Department announced it was doubling duties on softwood lumber imported from Canada. …The NAHB — which represents homebuilders — is unhappy with Biden’s policy. …This policy may be a large tax on foreign imports that increases the price of lumber, but the Biden administration stresses these aren’t tariffs. Technically, they’re “antidumping and countervailing duties” on lumber imported from Canada, and the administration claims it’s doing this in the name of fairness, not crude protectionism. The most vocal group in favor of this tax on Canadian lumber is the U.S. Lumber Coalition. …Despite having campaigned against Donald Trump’s trade policies, Biden has largely continued in his predecessor’s protectionist footsteps.

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