US lumber prices expected to surge by Q2 2026 as tariffs restrict imports

Lumber prices in the United States are projected to rise sharply by the second quarter of 2026, driven by ongoing trade restrictions and tariffs that limit imports. Current countervailing and anti-dumping duties continue to constrain Canadian lumber exports, reducing the supply available in the U.S. market. These restrictions are expected to push domestic lumber prices higher, affecting homeowners, builders, and contractors. The U.S. strategy aims to significantly reduce Canada’s share of the domestic lumber market, currently around 23%, potentially bringing it down to single digits. Achieving this would require a major expansion of domestic ...