Housing's impact on woodworker spending

Matt Bumgardner; Urs Buehlmann; Karen Koenig

Treesearch

Housing's impact on woodworker spending

Informally Refereed

Authors:

Matt Bumgardner, Urs Buehlmann, Karen Koenig

Year:

2021

Type:

Magazines or Trade Publications

Station:

Northern Research Station

Source:

FDMC. July: 24-26.

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Download (PDF 1.28 MB): https://research.fs.usda.gov/download/treesearch/62706.pdf

Abstract

As the industry emerges from the pandemic, what challenges await those involved in the construction-based sectors? For perspective, the total value of private construction (residential and nonresidential) put in place in the United States was slightly over a trillion dollars ($1,081 billion) in 2020, up from $1,031 billion in 2019. Spending in all residential categories increased in 2020, including 7.9% for single family, 6.6% for multi-family, and 20.3% for residential improvements. Spending on nonresidential construction however declined by 2.9%.

Keywords

Housing markets, remodeling markets, secondary woodworking, business investments

Citation

Bumgardner, Matt; Buehlmann, Urs; Koenig, Karen. 2021. Housing's impact on woodworker spending. FDMC. July: 24-26.