Wood Markets 2013: Optimism Prevails

By Karen Koenig | Posted: 02/05/2013 11:56AM

 

Sales for 2013 are expected to match or beat 2012 figures. That is the consensus of a majority of representatives from the major woodworking markets.

Backing that optimism are projections by the National Association of Home Builders (NAHB) and other groups for gains in new housing and remodeling projects in 2013.

NAHB forecasts 949,000 housing starts in 2013, an increase of 21.5 percent. In a statement, NAHB Chief Economist David Crowe noted, “Nearly every measure of housing market strength — sales, starts, prices, permits and builder confidence — has been trending upward in recent months and we expect to see gradual but steady growth along these lines in 2013.”

Single-family starts are projected to rise 22 percent to 650,000 units in 2013, while multi-family also is expected to grow 22 percent to 299,000 units. With continued optimism, NAHB also is forecasting increases in 2014; a 30 percent jump in single-family units to 844,000, and a 6 percent gain in multi-family units, to 317,000.

Residential remodeling is also expected to show steady improvement in 2013 and 2014. “That outlook is consistent with the indicators of future activity in our recent Remodeling Market Index survey,” Paul Emrath, NAHB’s vice president for survey and housing policy research said in a statement. He added that many remodelers have been reporting increases in calls for bids and appointments for proposals.

Read more about the different market segments below.

Wellborn

Cabinet Sales Continue Growth in 2013
After closing 2012 on a positive note for the first time in six years, expectations for 2013 cabinet sales are upbeat as the economy continues to improve.
Read more

Gunlocke

Business & Institutional Furniture Outlook Good for 2013
Things are looking up for the office and contract furniture industry, which is projecting its best year for shipments since 2008.
Read more

Harden Furniture

Residential Furniture Growth Rises with Consumer Confidence
Rising consumer confidence, combined with improvements in the new housing construction and residential remodeling markets, all bode well for the home furnishings industry in 2013.
Read more

Retail Environments Continue Sales Growth Trend in 2013
For the fourth straight year, overall sales of retail fixtures look to continue to improve.
Read more

 Zepsa, Architectural Woodwork

Steady Course for Architectural Woodworking Business in 2013 
Architectural woodworking sales should “mimic” those of 2012, “with a bit of optimism that prices will go up a bit.”
Read more

 Walnut Creek Planing

Wood Components Sales Project Moderate Growth in 2013
Although 2012 wood component sales “ended with a fizzle,” 2013 sales are projected to increase from 2 to 5 percent.
Read more

 Columbia Forest Products, composite panel

Composite Panels See Slight Rise, Veneer Plywood Holds for 2013
North American composite panel shipments are projected to rise 7 percent in 2013. Although holding steady, different challenges face the hardwood plywood & veneer industry.
Read more

 

About the Author

Karen M. Koenig

Karen M. Koenig has more than 25 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As Editor-in-Chief of Wood Products (formerly Wood & Wood Products), Karen’s primary responsibilities include spearheading the writing, editing and coordinating of the editorial content of the publication, along with the Red Book resource guide and the Red Book online source and supply directory (RedBookOnline.com). She is also a frequent contributor to other Woodworking Network online and print media. She can be reached at kkoenig@woodworkingnetwork.com or Google+.

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