APA: Growth in Wood Production Forecast for 2013

A positive, economic finish to 2012 residential construction is seen to continue into 2013 and beyond, according to APA - the Engineered Wood Association, which is predicting a second straight year of growth in all four wood product sectors it represents.
“Last year saw across-the-board increases in structural panels, I-joists, glulam, and LVL. In
2013, not only will that trend continue, but at a slightly faster pace in most cases,” said Craig
Adair, APA’s market research director. “Residential construction will drive much of that growth,
with pent-up demand for housing, moderately rising home prices, and growing consumer
confidence having the most influence.”
For a complete forecast breakdown, visit the Association's website here.

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