The Toll of Taxes and Tariffs on U.S. Housing and the Lumber Market

Jun 20, 2019, 13:58 PM by Mike Ermitage

The Trump administration tax policies enacted toward the end of 2017 first showed signs of a positive impact very early in 2018. Economic growth, which had been stagnant at about 2% since recovery from the “Great Recession,” began to increase and home building accelerated in the first half of 2018. This, along with certain supply issues that limited lumber production, markedly drove up lumber prices during the first six months of 2018.

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