The National Association of Home Builders is reporting today that U.S. home builders just completed four days of talks with Chilean government, trade and industry officials that are geared toward increasing exports of softwood lumber and other wood products to America.
“The meetings with more than 100 Chilean lumber-producing companies, trade organizations and government officials were extremely productive,” said Jerry Howard, executive vice president of the National Association of Home Builders (NAHB). “We support opening up competition in the U.S. lumber market because we know that it will benefit American families who want to buy homes and U.S. builders who are seeking a steady supply of affordably priced lumber.”
The talks covered several areas, including establishing contacts among Chilean producers and American buyers and identifying and dealing with any policy barriers to increasing the volume of Chilean exports from their current level.
NAHB made contacts with two of the three largest Chilean lumber producers and a number of other smaller producers who all indicated that they will work together with their government to help increase exports. In addition, NAHB was able to meet with Swedish lumber producers in Chile, who expressed an interest in continuing conversations about increasing lumber exports to the U.S. and building a stronger relationship.
The meetings in Chile come at a time when the U.S. and Canada are in discussions over a new softwood lumber trade agreement between the two nations. Though U.S. home builders would ideally prefer to purchase all of their softwood lumber and wood products from domestic producers, America today does not have the domestic capacity to meet its demand for lumber. Canada is by far the largest exporter of softwood lumber into the U.S. The latest three-year average share of Canadian imported lumber in the U.S. market is 28 percent.
From World Property Journal: http://www.worldpropertyjournal.com/real-estate-news/chile/santiago-real-estate-news/chile-lumber-deal-with-homebuilders-chilean-lumber-producing-companies-jerry-howard-national-association-of-home-builders-nahb-chile-real-estate-news-2016-chile-property-report-10027.php