Publication Details

Housing's impact on woodworker spending

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Bumgardner, Matt ; Buehlmann, Urs ; Koenig, Karen

Year Published

2021

Publication

FDMC. July: ¿24-26.

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.

Last updated on: July 19, 2021