August 17, 2014
North America: Changing wood product use in housing markets
In North America, around US $500 billion are spent every year on residential construction and remodelling. Ninety percent of single-family homes in Canada and the US are built of wood. In the US, approximately two thirds of all new homes are single-family houses. In Canada it is only one third because the population is concentrated in urban areas where land is increasingly scarce and expensive. In 2011 the share of single-family homes in new construction was close to 40% in Canada, compared to 32% in May 2014. Only about 50% to 65% of ...
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