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MHI STRONGLY OPPOSES ADMINISTRATION'S CANADIAN LUMBER DUTY

 MHI STRONGLY OPPOSES ADMINISTRATION'S CANADIAN LUMBER DUTY
 ARLINGTON, Va., May 15 /PRNewswire/ -- In a decision that is contrary to economic stimulus measures advocated by President Bush, the U.S. Commerce Department announced its decision to levy a 6.5 percent countervailing duty against imported Canadian softwood lumber. "The nation's economic recovery is still fragile and should not be threatened by decisions that are likely to offer one of the greatest catalysts to our recovery, the building industry," said Jerry Connors, president of the Manufactured Housing Institute (MHI).
 In the past few months the lumber industry has faced soaring prices because of stiff environmental restrictions as well as the imposition of a duty. Although the 6.5 percent duty is considerably lower than the original 15 percent proposal, potential manufactured homebuyers will still be affected because of the extent that Canadian softwood lumber products are used. Surprisingly, the duty comes after an April 29 decision by President Bush to continue the moratorium on new regulations that may impede the economic growth of the country and his recent initiatives to address the problems of the nation's inner cities. "I am particularly concerned about this decision in light of the administration's call for empowerment of citizens and expanding homeownership opportunities for low- and moderate-income people," said Connors.
 MHI is the national association representing manufacturing home builders, component suppliers, lenders, community owners and retailers.
 -0- 5/15/92
 /CONTACT: Bruce Savage of the Manufactured Housing Institute, 703-979-6620/ CO: Manufactured Housing Institute ST: Virginia IN: PAP CST SU:


KD-DC -- DC033 -- 0975 05/15/92 17:19 EDT
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Date:May 15, 1992
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