Bracing for a Softwood Lumber Supply Shock
Year: 2025
Type: article
Abstract: This Executive Briefing on Trade examines the possible impacts of Russia’s invasion of Ukraine on the global supply of softwood lumber (SWL), particularly in Europe, which has implications for the U.S. market. Softwood lumber is critical to the U.S. economy, as it is key to new home construction. In the wake of pandemic-related economic and transportation disruptions and environmental issues, U.S. homebuilders were projecting that supply chain shortages and material price volatility would begin to ease. Unfortunately, these projections did not anticipate Russia invading Ukraine in February 2022, subsequent Western sanctions against Russia, and Russia banning wood product exports in retaliation. Although the U.S. market is not directly reliant on Russian SWL, U.S. home builders are now bracing for more cost increases and delays
DOI: 10.71476/06t2-tf81
Author: Scott, Sarah
Institution: United States International Trade Commission
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6977586767
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