AgentMarkets & Economy

Engineered wood demand bodes well for housing

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Trying to predict the health of the new housing market is a bit confusing due to the wealth of data that is thrown out to the media. Every group seems to do its own research, and while the predictions are all in the realm of each other, there is always a slight difference. I also tend to make matters worse for myself because I'm always looking for a new, out-of-the-box source that can be used to ascertain what's happening in the world of new housing. Lately, I've been looking at the research done by APA -- The Engineered Wood Association. Its estimates are not much different from the pure research organizations, but I tend to give them a little more credence because that industry is heavily dependent on single-family construction, and too much or too little production based on faulty research is not healthy for corporate organizations.According to the latest numbers from the Census Bureau, privately owned housing starts in April were at a seasonally adjusted annual rate of...