Potential tariffs could raise price of lumber for Arkansas homebuilders [Video]

>> WELL, BRANDON AND ALLISON, ECONOMICS AT THE UNIVERSITY OF ARKANSAS, SAYS THAT THE PRICE OF LUMBER COULD GO UP WITH THESE POTENTIAL TARIFFS ON CANADA. THE HOMEBUILDER WE TALKED WITH SAYS THAT LUMBER MIGHT BE THE MOST IMPORTANT SUPPLY WHILE BUILDING A HOME. AND ACTUALLY TODAY HE’S IN THE PROCESS OF BUILDING THIS HOME IN BELLA VISTA. AND HE SAYS THAT JUST ON LUMBER, HE PLANS ON SPENDING $40,000 FOR JUST THIS ONE HOME. >> IT’S PROBABLY THE MOST IMPORTANT PART. >> MOST HOUSES CAN’T BECOME A HOME WITHOUT LUMBER. >> IT’S GOING TO BE THE SIZE OF THE HOUSE, THE MIDDLE, ALL THE WALLS INSIDE. AND THE ROOF IS A LOT. ATTIC LUMBER ALL THROUGHOUT. >> THE U.S. CAN’T SUPPLY IT ALL WITHOUT HELP. >> WE IMPORT LUMBER FROM CANADA. AND IN PARTICULAR, YOU KNOW, IT’S AN IMPORTANT IMPORT IN IN ARKANSAS. >> WITH POTENTIAL TARIFFS LOOMING. >> …