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Softwood lumber prices hit highest levels since 2004

The softwood lumber dispute, which had been fueled by speculation over the past few months, reached its first milestone of certainty in April, when the U.S. government announced an average 20% tariff on Canadian softwood lumber imports. Another set of taxes, in the form of antidumping duties, is expected by June 23.

The recent price increases driven by the looming tariffs could increase the cost of a new home by $3,600, according to the NAHB, while the U.S. Lumber Coalition puts forth a smaller figure, $400 on $6,000 in current lumber costs for a $350,000 house.

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