The U.S. government's recent imposition of 20% countervailing duties on softwood lumber imported from Canadian mills will anger builders and delight dealers by helping prop up current prices, but it's unlikely to lead to any new surge in the cost of framing lumber because traders have factored the duties into their prices for months. Prices for framing lumber, which averaged between $340 and $370 per 1,000 board feet for most of 2016, rose to $437 in April 2017, a 26.3% gain that has added almost $3,600 to the price of a new home. Additional anti-dumping duties are expected later this year, resulting in total tariffs of up to 30% on Canadian lumber.

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