Demographics, the housing market, and demand for building materials

Al Schuler; Craig Adair

Treesearch

Demographics, the housing market, and demand for building materials

Informally Refereed

Authors:

Al Schuler, Craig Adair

Year:

2003

Type:

Scientific Journal

Station:

Northern Research Station

Source:

Forest Products Journal. 53(5): 8-17.

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Download (PDF 2.20 MB): https://research.fs.usda.gov/download/treesearch/19184.pdf

Abstract

Historically, housing has been critical to the health of the forest products industry since two-thirds or more of our structural lumber and panel products are consumed in new housing and remodeling. Likewise, it is important to the overall economy, accounting for one-fifth of GDP in 2001, and 40 percent of GDP growth in 2001 (Joint Center for Housing Studies 2002). The demographic foundations for housing are expected to be very strong during this decade, due in large part to the influx of immigrants over the past 20 years. Today, one in five U.S. households is headed by either a foreign-born individual or a first-generation American (Joint Center for Housing Studies 2002).

Citation

Schuler, Al; Adair, Craig. 2003. Demographics, the housing market, and demand for building materials. Forest Products Journal. 53(5): 8-17.