APA Releases 2021 Panel & Wood Yearbook

APA – The Engineered Wood Association has released its ‘2021 Structural Panel & Engineered Wood Yearbook.’ The book includes an analysis of U.S., Canadian, and global economies, focusing on factors that impact demand for engineered wood products across several market segments as a basis for forecasting expected production of engineered wood products. Besides the analysis and forecast, it also includes historical data on engineered wood production. Topics examined in this year’s edition include residential construction in the U.S. and Canada, new and repair/remodel; non-residential and industrial markets; North American imports and exports; outlook and production statistics for structural panels (oriented strand board and plywood), including historical data; and engineered wood product demand and production (glued-laminated timber, I-joists, and laminated veneer lumber). APA says the recovery in the U.S. and Canadian economies appears to be exceeding the expectations of just a couple months ago, as the distribution of COVID vaccines gain momentum. A mix of forces at work is leading some economic forecasters to revise upwards their 2021 outlook for growth to seven per cent or more. This is all good news, but inflation concerns are mounting and that has been made visible in the financial markets with the spike in the yield on the 10-year Treasury bond.