Source: https://www.propertycasualty360.com/, October 27, 2022
By: Drew Rothman and Mitch Cohen

Wood framing is a $24 billion U.S. industry that covers the “new construction, alterations, maintenance, repairs and additions” of both residential and commercial structures like mixed-use facilities, according to research from IBISWorld.

Although recently impacted by the pandemic, labor and material shortages, supply chain issues and project delays, a 2022 ThinkWood survey found that the latest low carbon, hybrid, prefabrication, mass timber and low-cost housing trends were likely to spur the further growth of wood design and construction projects. This is mainly due to the simplicity, ease and speed associated with wood construction. Read more.