Lumber costs have been on a roller-coaster experience over the previous two years and reached to an all-time excessive value of $1,515 per thousand board feed within the week ending Could 21, 2021, as reported by Random Lengths. Nonetheless, regardless of larger lumber costs and ongoing supply-chain points, wooden framing stays essentially the most dominant development methodology for single-family properties within the U.S. per the 2021 information.
Based on NAHB evaluation of 2021 Census Bureau information, for 2021 completions, 92% of recent properties had been wood-framed, one other 7% had been concrete-framed properties, and fewer than half a % was steel-framed.
On a rely foundation, there have been 895,000 wood-framed properties accomplished in 2021. This was an 8% acquire over the 2020 whole. As famous above, steel-framed properties are comparatively unusual, with a complete of simply 3,000 housing completions in 2021, which was 40% lower than the 2019 completions sum of 5,000.
Concrete-framed properties skilled the second straight decline in 2021, after a 13% lower in 2020. In 2021, the whole decreased 5% from 75,000 completions in 2020 to 71,000. Nonetheless, the positive factors during the last 10 years are putting. From 2011 to 2021, the concrete-framed market share elevated from 4% to 7%.
Non-wood primarily based framing strategies are primarily concentrated within the South attributable to residential resiliency necessities. In 2021, concrete-framed properties made up 13% of all properties accomplished within the South. Roughly two-thirds of metal framed properties accomplished in 2021 had been positioned within the South, with one other one-third within the West.