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Title: Wood Products Other Building Materials Used in New Residential Construction in the United States

Source: APA - The Engineered Wood Assoc. 2015; 75 p.

Author(s)McKeever, David B.; Elling, Joe

Publication Year: 2015  View PDF »

Category: Journal Articles
Associated Research Project(s):   FPL-4851-4B

Abstract: On average, new residential construction accounts for about one-third of all wood products consumed in the United States annually. During periods of robust housing activity, 45% or more of all wood products consumed are for new single-family and multifamily housing. This can fall to as low as 20% or less during times of economic recession. Unfortunately, 2012 was not an average year for new residential construction. The housing boom that occurred between 2000 and 2006 turned into a major housing recession in 2007. The recession bottomed out in 2009, with steady improvements being made since then. In 2005, at the peak of the boom, housingstarts totaled 2,086,000 units. In 2009, starts had fallen to just 554,000. By 2012, starts had rebounded to 781,000. Single-family housing starts were harder hit than multifamily housing, further affecting wood use. In 2012, 24% of all solid wood consumed domestically was for new residential construction. This difference was equivalent to a loss of about 20 billion board feet equivalents (20 x 109 bfe).

Keywords: Residential construction; single-family construction; multifamily construction; wood products consumption; value of new construction; lumber; structural panels; nonstructural panels; engineered wood products; wood I-joists; glulam; structural composite lumber

Publication Review Process: Informally Refereed (Peer-Reviewed)

File size: 1,904 kb(s)

Date posted: 07/09/2015

This publication is also viewable on Treesearch:  view
RITS Product ID: 73277
Current FPL Scientist associated with this product
McKeever, David B.
Research Forester
  

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