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I-Joist Market Report

APA- The Engineered Wood Association June 2012. I-Joist Market Report.

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I-Joist Market Report

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  1. APA-The Engineered Wood Association June 2012 I-Joist Market Report

  2. I-Joist’s share of all single-family raised floors declined from an all-time high of 52% in 2010 to 51% in 2011. This is not particularly remarkable since survey error could account for a two or three point swing either way. In the 2008-2011 period, I-joists have been above the 50% mark except in 2009 when the share was 45%. For raised first floors, I-joists lost two share points: 53% to 51%. Lumber joists gained four percentage points to 38% of single-family raised first floors in 2011 and open web trusses lost one point to 11%. Concrete slab first floors declined from 52% in 2009 to 49% in 2010 and to 46% in 2011. Other joists, like I-joists and lumber, gained share from 2009 to 2011. Much of the wood joist gain was in the southern states in 2011: South Atlantic (Carolinas, Florida): Gained 6 share points. East South Central (Mississippi, Alabama): Gained 13 share points. West South Central (Louisiana, Texas): Gained 8 share points. Executive Summary

  3. Wood & Concrete First Floors 2011 First floor single-family only. SIPs & Other Wood .3% Open Web Wood5.9% I-joist27.6% Concrete45.7% Lumber20.4% Steel.2% 2010 to 2011: I-joists increased .3%. Concrete -2.9%.

  4. Wood & Concrete All Floors 2011 Single-family only. SIPs & Other Wood .3% Open Web Wood9.5% Concrete34.4% I-joist33.2% Steel.3% Lumber22.3% 2010 to 2011: I-joists remained the same. Concrete -1.6%.

  5. New Single-Family Raised Floors 2011 (Ground and Upper Floors - Not including concrete) Total floor area supported by type of joist.Includes ground and upper floors. Steel .4% Open Web Wood 14.6% I-joists achieved a 52% share for the first time in 2008, declined to 46% in 2009, increased to 52% again in 2010, and declined to 51% in 2011. Lumber 34.0% I-joist 50.6% SIPs & Other Wood .3% 2010 to 2011: I-joists declined 1.3%. Lumber +3.5%; Other -.1%; Steel +.3% and Open Web Trusses -2.4%.

  6. Census Regions of the U.S. West North Central East North Central New England Mid-Atlantic Pacific SouthAtlantic Mountain East South Central West South Central Note: Alaska and Hawaii are in the Pacific Region.Source: U.S. Bureau of the Census

  7. Share of Raised Floors Concrete I-joistLumberW.TrussSteelOtherShare Mountain 73% 12% 14% .6% .1% 50% Pacific 58% 38% 4% 0% .2% 49% S. Atlantic 58% 33% 9% .2% .4% 34% E. N. Central 51% 36% 12% .4% .3% 4% New England 49% 48% 2% .5% 0% 2% Mid-Atlantic 39% 49% 7% 3% 2% 20% W. N. Central 39% 19% 42% .1% 0% 1% E. S. Central 34% 61% 5% 0% 0% 65% W. S. Central 27%50%22%0%.7%92% Total U.S. 52% 34% 13% .5% .4% 48% I-joists 2008 Single Family First Floor Only The concrete slab share declined in the South Atlantic in 2008, probably as a result of the housing recession and the rapid change in the mix of starter, move-up and luxury homes. The next slide shows that concrete returned to its more historical share of the South Atlantic region in 2009.

  8. Share of Raised Floors Concrete I-joistLumberW.TrussSteelOtherShare Mountain 64% 19% 16% .9% .3% 53% Pacific 61% 33% 5% .7% .7% 44% S. Atlantic 50% 37% 12% .3% 1% 52% E. S. Central 45% 49% 5% .1% .2% 71% W. N. Central 44% 13% 42% .5% .1% 2% E. N. Central 39% 48% 12% .2% .1% 10% New England 36% 54% 10% 0% .2% 5% Mid-Atlantic 33% 57% 2% 7% 1% 5% W. S. Central 19%71%9%0%.4%95% Total U.S. 46% 38% 14% 1% 1% 52% I-joists 2009 Single Family First Floor Only The Mountain, Pacific and South Atlantic regions had the highest I-joist market shares. Lumber and wood trusses gained share in the Mountain region.

  9. Share of Raised Floors Concrete I-joistLumberW.TrussSteelOtherShare Mountain 80% 4% 11% .9% 4.2% 44% Pacific 73% 24% 2% .1% .7% 52% Mid-Atlantic 58% 36% 6% 0% 0% 5% S. Atlantic 55% 33% 11% .1% .6% 53% E. N. Central 44% 41% 14% .4% .1% 12% W. N. Central 41% 27% 32% 0% 0% 3% E. S. Central 37% 54% 9% 0% 0% 57% New England 31% 61% 8% 0% 0% 5% W. S. Central 22%72%6%0%0%96% Total U.S. 53% 34% 12% .2% .7% 49% I-joists 2010 Single Family First Floor Only Concrete declined three share points in 2010. I-joists gained seven points. The Mountain and Pacific regions remain the top two regions for I-joist market share.

  10. Share of Raised Floors Concrete I-joistLumberW.TrussSteelOtherShare Mountain 87% 7% 5% .5% 0% 43% Pacific 61% 35% 2% .5% 1% 48% E. N. Central 53% 37% 9% .3% .1% 6% S. Atlantic 52% 35% 12% 0% .5% 47% W. S. Central 42% 45% 11% .1% .9% 88% Mid-Atlantic 40% 55% 5% .2% .1% 6% New England 37% 54% 7% .1% 3% 4% W. N. Central 37% 29% 33% .9% 0% 3% E. S. Central 21% 74% 4% 0% 0% 44% Total U.S. 51% 38% 11% .3% .4% 46% I-joists 2011 Single Family First Floor Only The Mountain and Pacific regions remain the top two regions for I-joist market share. Concrete declined three share points in 2011 & I-joists declined two points. The W. S. Central region (Texas, Louisiana, Oklahoma & Arkansas) declined from 96% concrete in 2010 to 88% in 2011. In the W. S. Central region: I-joists gained share from 22% in 2010 to 42% in 2011; wood trusses gained from 6% to 11% and lumber lost share, moving from 72% in 2010 to 45% in 2011.

  11. 200320042005200620072008200920102011 Mountain 83% 84% 69% 75% 68% 73% 64% 80% 87% Pacific 49% 46% 58% 56% 58% 58% 61% 73% 61% E. N. Central 39% 43% 40% 43% 43% 51% 39% 44% 53% S. Atlantic 36% 32% 35% 39% 43% 58% 50% 55% 52% W. S. Central 29% 44% 36% 46% 38% 27% 19% 22% 42% Mid Atlantic 35% 41% 45% 46% 43% 39% 33% 58% 40% New England 34% 33% 42% 51% 47% 49% 36% 31% 37% W. N. Central 35% 42% 45% 38% 29% 39% 44% 41% 37% E. S. Central 35% 32% 31% 44% 58% 34% 45% 37% 21% Total U.S. 42% 43% 45% 47% 48% 52% 46% 53% 51% I-joist Market SharesSingle Family Raised First Floors Only-ranked by 2011 market share. I-joists lost 2 share points in 2011, moving from a record 53% to 51%. The average for the last four years has been 50.5%. I-joists gained share in four of the nine regions: Mountain, E. N. Central, W. S. Central and New England. I-joists reached a new high of 53% in the E. N. Central region. The largest gain was in the W. S. Central region where lumber joists declined. The largest losses were in the Mid-Atlantic and E. S. Central Regions where lumber share increased considerably. The E. S. Central region is small for wood products because concrete slab typically has a high share of the market and I-joist shares can jump around quite a bit.

  12. I-Joist Market SharesU.S. Single Family Raised First Floors Share of U.S. raised floor area. 53% This shows the U.S. total from the previous table. 52% 51% 46% Source: NAHB builder surveys.

  13. 200320042005200620072008200920102011 E. S. Central 52% 59% 60% 36% 37% 61% 49% 54% 74% Mid-Atlantic 57% 53% 52% 52% 50% 49% 57% 36% 55% New England 62% 64% 53% 43% 46% 48% 54% 61% 54% W. S. Central 61% 44% 38% 36% 35% 50% 71% 72% 45% E. N. Central 56% 44% 46% 45% 40% 36% 48% 41% 37% S. Atlantic 54% 46% 48% 40% 40% 33% 37% 33% 35% Pacific 46% 51% 32% 41% 41% 38% 33% 24% 35% W. N. Central 35% 35% 27% 29% 33% 19% 13% 27% 29% Mountain 10% 6% 5% 18% 16% 12% 19% 4% 7% Total U.S. 48% 43% 39% 38% 37% 34% 38% 34% 38% Lumber Joist Market SharesSingle Family Raised First Floors Only-ranked by 2011 market share. Overall, lumber joists grew from 34% to 38% of single-family first floors in 2011. Lumber gained share in six of the nine regions. The largest gain was in the E. S. Central region where lumber gained 20 share points. Losers were I-joists and open web trusses. The second largest gain was in the Mid-Atlantic region where lumber gained 19 share points at the expense of I-joists and open web trusses. The third largest gain was 11 share points in the Pacific region where I-joists lost 12 points.

  14. 200320042005200620072008200920102011 W. N. Central 29% 23% 26% 30% 37% 42% 42% 32% 33% S. Atlantic 10% 21% 17% 19% 15% 9% 12% 11% 12% W. S. Central 10% 8% 12% 12% 27% 22% 9% 6% 11% E. N. Central 4% 11% 14% 11% 17% 12% 12% 14% 9% New England 3% 3% 4% 4% 5% 2% 10% 8% 7% Mid-Atlantic 9% 6% 3% 2% .5% 7% 2% 6% 5% Mountain 3% 9% 3% 6% 8% 14% 16% 11% 5% E. S. Central 10% 9% 7% 17% 4% 5% 5% 9% 4% Pacific 2% 2% 5% 2% .5% 4% 5% 2% 2% Total U.S. 9% 13% 12% 13% 13% 13% 14% 12% 11% Open Web Truss Market ShareSingle Family Raised First Floors Only-ranked by 2011 market share. Open web trusses declined just one point to 11% of single-family first floors. They lost share in six out of the nine regions. The largest share losses were in the E. N. Central and Mountain regions.

  15. 200320042005200620072008200920102011 W. N. Central 0% .1% 1.3% 3.0% .9% .1% .5% 0% .9% Mountain 4% 1% .1% .6% .2% .6% .9% .9% .5% Pacific .3% .2% .1% .7% .1% 0% .7% .1% .5% E. N. Central 1% 1% .5% .3% .9% .4% .2% .4% .3% Mid-Atlantic .1% .3% .3% .1% 1.4% 3% 7% 0% .2% New England 1% .1% .3% 2.0% 1.9% .5% 0% 0% .1% W. S. Central 0% 0% 0% 4.0% 0% 0% 0% 0% .1% S. Atlantic .1% 1% .3% .5% .8% .2% .3% .1% 0% E. S. Central 1% .6% 1.2% 3.0% .2% 0% .1% 0% 0% Total U.S. .7% .6% .4% 1.0% .7% .5% 1% .2% .3% Steel Joist Market SharesSingle Family Raised First Floors Only-ranked by 2011 market share. Steel remained a low market share product.

  16. 200320042005200620072008200920102011 W. S. Central 93% 90% 96% 92% 93% 92% 95% 96% 88% Pacific 65% 64% 56% 63% 53% 49% 44% 52% 48% S. Atlantic 57% 62% 58% 57% 53% 34% 52% 53% 47% E. S. Central 46% 42% 53% 51% 54% 65% 71% 57% 44% Mountain 65% 60% 46% 53% 43% 50% 53% 44% 43% E. N. Central 5% 5% 7% 6% 7% 4% 10% 12% 6% Mid-Atlantic 13% 17% 3% 4% 2% 20% 5% 5% 6% New England 1% 5% 1% 5% 6% 2% 5% 5% 4% W. N. Central 4%6%2%3%5%1%2%3%3% Total U.S. 52% 51% 51% 53% 50% 48% 52% 49% 46% Concrete Slab Floor Market SharesSingle Family First Floors Only-ranked by 2011 market share. For the past two years, we speculated that recent concrete share shifts may have been the result of the housing recession upsetting historical regional housing patterns. This may be true; but the picture is still cloudy. The W.S. Central (Texas) remains the concrete slab share leader; but, it declined to less than 90% in 2011. In 2011, the Pacific was similar to 2008 and 2009. At 47%, the S. Atlantic was below its historical average in 2011. After experiencing relatively high shares 2005 to 2010, the E.S. Central declined to levels common in 2003 and 2004. The Mountain region continues to be quite variable. Overall, concrete slab has fallen to the lowest share since APA began following this information in 2002.

  17. Concrete Slab Floor Market SharesSingle Family First Floors Only This shows the U.S. total from the previous table. Concrete slab floors lost share in 2010 and 2011.

  18. 200320042005200620072008200920102011 W. N. Central 96% 94% 98% 97% 95% 99% 98% 97% 97% Mid Atlantic 87% 83% 97% 96% 98% 80% 95% 95% 94% New England 99% 95% 99% 95% 94% 98% 95% 95% 96% E. N. Central 95% 95% 93% 94% 93% 96% 90% 88% 94% Mountain 35% 40% 54% 47% 57% 50% 47% 56% 57% E. S. Central 54% 58% 47% 49% 46% 35% 29% 43% 56% S. Atlantic 43% 38% 42% 43% 47% 66% 48% 47% 53% Pacific 35% 36% 44% 37% 47% 51% 56% 48% 52% W. S. Central 7% 10% 4% 8% 7% 8% 5% 4% 12% Total U.S. 48% 49% 49% 47% 50% 52% 48% 51% 54% I-joist, Lumber & Other Joist Shares vs. ConcreteSingle Family First Floors Only-ranked by 2011 market share. This table is simply the reverse of the concrete slab table. It shows the strongest (and weakest) markets for wood joists. In the E. N. Central region, wood joists had fallen below 90% for the first time in 2010 and moved back to over 90% in 2011. In the Gulf Coast regions, S. Atlantic, E.S. Central and W.S. Central, wood joists gained significant share over concrete slab construction. These are the regions receiving significant raised floor promotion in recent years.

  19. I-Joist, Lumber and Other Joist Shares vs. Concrete Single Family First Floors This shows the U.S. total from the previous table. Wood joists gained share in 2010 and 2011.

  20. 200320042005200620072008200920102011 I-joist 42% 43% 45% 47% 48% 52% 46% 53% 51% Lumber 48% 43% 39% 38% 37% 34% 38% 34% 38% Open Web 9% 13% 12% 13% 13% 13% 14% 12% 11% SIPS, Other .3% .3% 3.6% .8% 1.2% .4% 1% .7% .4% Steel .7% .6% .4% 1% .7% .5% 1% .2% .3% Total U.S. 100% 100% 100% 100% 100% 100% 100% 100% 100% The above data are for raised ground floors only. I-joists have been between 45% and 53% since 2005. Joist SharesSingle Family Raised First Floors

  21. 200320042005200620072008200920102011 I-joist 39% 43% 45% 43% 49% 52% 43% 50% 50% Lumber 36% 32% 36% 30% 30% 31% 31% 26% 28% Open Web 25% 25% 18% 26% 21% 16% 22% 24% 20% Steel .3% .5% .7% .7% .3% .8% 3% .1% .6% SIPS, Other .1%.1%.1%.3%.2%.2%1%0%.3% Total U.S. 100% 100% 100% 100% 100% 100% 100% 100% 100% In upper floors, I-joists remained at 50% in 2011. Lumber gained and open web trusses lost share in 2011. Joist SharesSingle Family Upper Floors

  22. Share of Floors 200320042005200620072008200920102011 I-joist 40% 43% 45% 45% 48% 52% 45% 52% 51% Lumber 43% 38% 38% 35% 34% 33% 35% 31% 34% Open Web 16% 18% 14% 18% 16% 14% 17% 17% 15% SIPS, Other .4% .4% 2% 1% .8% .4% 1% .4% .3% Steel .5% .6% 1% 1% .5% .6% 2% .1% .4% Total U.S. 100% 100% 100% 100% 100% 100% 100% 100% 100% Joist SharesSingle Family All Raised Floors (Ground & Upper) For all raised floors, ground and upper, I-joists lost just one share point in 2011; lumber gained three points and open web lost two points.

  23. I-Joist SharesSingle-Family, Multifamily & Combined Raised Floors 200320042005200620072008200920102011 Single-Family 40.3% 42.9% 45.0% 45.5% 48.0% 51.9% 44.8% 51.9% 50.6% Multifamily 37.3% 39.1% 40.2% 40.8% 41.6% 36.2% 42.2% 47.2% 52.4% Combined 39.2% 41.4% 43.2% 43.6% 45.6% 46.6% 43.8% 50.2% 51.3% This is a re-cap of I-joist shares of all raised floors. I-joists lost single-family share in 2011 and gained in multifamily for the third year in a row. Overall, I-Joist share increased in 2010 and 2011.

  24. I-Joist Market ShareU.S. Single Family – All Raised Floors Share ofRaised FloorArea.

  25. 20092010 Floors SFMFTotalSFMFTotal S. Atlantic 57.1 2.2 59.3 72.5 6.2 78.7 Mid Atlantic 19.1 1.0 20.1 42.5 3.9 46.4 Pacific 29.3 4.5 33.8 30.4 7.0 37.4 Mountain 19.9 3.2 23.1 29.2 2.8 32.0 E. N. Central 24.1 2.3 26.4 28.4 3.5 31.9 W. N. Central 19.8 3.9 23.7 17.2 1.6 18.8 W. S. Central 11.9 4.6 16.5 12.9 3.2 16.1 New England 8.9 .7 9.6 7.1 1.5 8.6 E. S. Central 7.21.58.77.8.28.0 Total U.S. 197.3 23.9 221.2 248.0 29.9 277.9 Res. Walls and Roofs 10.0 7.9 H.U.D. Code 9.1 11.6 Remodeling 68.0 13.0 Nonresidential 55.0 20.0 Canada 119.0 149.0 Export 38.0 50.0 Inventory Change/Other -140.2 -58.4 Production 380.1 471.0 I-joist Demand 2009 – 2010 Million Linear Feet

  26. 2011 Floors SFMFTotal S. Atlantic 74.2 13.4 87.6 Mountain 42.6 5.8 48.4 Pacific 28.8 12.1 40.9 E. N. Central 32.4 5.6 38.0 Mid Atlantic 17.3 9.0 26.3 W. S. Central 17.9 5.9 23.8 W. N. Central 15.8 3.3 19.1 New England 8.1 1.3 9.4 E. S. Central 6.21.17.3 Total U.S. 243.3 57.5 300.8 Res. Walls and Roofs 9.9 H.U.D. Code 12.1 Remodeling 11.0 Nonresidential 18.0 Canada 148.0 Export 55.0 Inventory Change/Other -97.8 Production 457.0 I-joist Demand 2011 Million Linear Feet

  27. Percent 20042005200620072008200920102011Change S. Atlantic 136.1 189.8 187.6 128.0 114.2 59.3 78.7 87.6 11% Mountain 133.3 163.6 132.4 86.6 54.5 23.1 32.0 48.4 51% Pacific 132.8 158.4 121.0 71.3 35.5 33.8 37.4 40.9 9% E. N. Central 139.6 112.0 89.6 63.2 48.2 26.4 31.9 38.0 19% Mid Atlantic 70.5 82.6 78.5 50.6 24.2 20.1 46.4 26.3 -43% W. S. Central 41.3 51.4 33.2 26.8 13.6 16.5 16.1 23.8 48% W. N. Central 63.5 64.0 50.6 24.9 18.4 23.7 18.8 19.1 2% New England 26.7 45.2 31.4 19.6 12.8 9.6 8.6 9.4 9% E. S. Central 37.231.043.032.712.68.78.07.3-9% Total U.S. 781.0 898.0 767.4 503.7 334.0 221.2 277.9 300.8 8% I-joist Demand – 2004 To 2011Comparing the totals & ‘10-'11 percent changeSingle family and Multifamily Million Linear Feet ‘10-‘11 U.S. I-joist demand for floor joists declined as housing starts hit bottom in 2009, made a 26% gain in 2010 and an 8% gain in 2011. The increase in 2011 was weaker because single-family starts declined in 2011 and multifamily increased.

  28. ShareCurrentRemainingTotal S. Atlantic 45.9% 57.1 67.3 124.4 E. N. Central 36.9% 24.1 41.2 65.3 Mid Atlantic 35.3% 19.1 35.0 54.1 W. N. Central 45.8% 19.8 23.4 43.2 W. S. Central 34.0% 11.9 23.1 35.0 Pacific 65.1% 29.3 15.7 45.0 New England 37.6% 8.9 14.8 23.7 Mountain 57.6% 19.9 14.6 34.5 E. S. Central 39.7%7.210.918.1 Total U.S. 44.5% 197.3 246.1 443.4 I-joist Volume Left to GainIn The 2009 Single Family Market Only* Million Linear Feet 2009 was a low point for single-family construction. * Total raised floor market share-first and upper floors.

  29. ShareCurrentRemainingTotal S. Atlantic 54.1% 72.5 61.5 134.0 E. N. Central 44.1% 28.4 36.0 64.4 Mid Atlantic 60.9% 42.5 27.3 69.8 W. N. Central 40.7% 17.2 25.1 42.3 W. S. Central 42.4% 12.9 17.5 30.4 Mountain 64.1% 29.2 16.4 45.6 New England 30.4% 7.1 16.3 23.4 E. S. Central 33.5% 7.8 15.5 23.3 Pacific 71.6% 30.412.142.5 Total U.S. 51.9% 248.0 227.5 475.5 I-joist Volume Left to GainIn The 2010 Single Family Market Only* Million Linear Feet If all non-I-joist raised floors were converted to I-joists in 2010, there would have been a gain of 227.5 million linear feet. The South Atlantic and East North Central continue as regions with the most volume left to gain. * Total raised floor market share-first and upper floors.

  30. ShareCurrentRemainingTotal S. Atlantic 52.0% 74.2 68.5 142.7 E. N. Central 51.6% 32.4 30.4 62.8 W. S. Central 39.8% 17.9 27.1 45.0 W. N. Central 37.5% 15.8 26.3 42.1 Mid Atlantic 41.1% 17.3 24.8 42.1 E. S. Central 22.7% 6.2 21.1 27.3 Pacific 69.7% 28.8 12.5 41.3 New England 41.0% 8.1 11.7 19.8 Mountain 82.4% 42.69.151.7 Total U.S. 50.6% 243.3 231.5 474.8 I-joist Volume Left to GainIn The 2011 Single Family Market Only* Million Linear Feet If all non-I-joist raised floors were converted to I-joists in 2011, there would have been a gain of 231.5 million linear feet. The South Atlantic and East North Central continue as regions with the most volume left to gain. There are now six regions with over 20 MMLF of potential gain in single-family construction. * Total raised floor market share-first and upper floors.

  31. There are now 6 regions with over 20 million feet of potential gain. West North Central East North Central New England Mid-Atlantic Pacific SouthAtlantic Mountain East South Central West South Central Note: Alaska and Hawaii are in the Pacific Region.Source: U.S. Bureau of the Census

  32. I-Joist Production HistoryU.S. & Canada Billion Linear Ft.

  33. Rim Board Volume in 2011 Rim board volume estimate for 2011: .457 Billion feet of I-joist production X .17 lin. ft. of rim per lin. ft. of I-Joist X 3 sq. ft. 3/8” per linear foot of rim board = 233 Million sq. ft. 3/8". Plywood 2% Re-sawn Glulam .1% None-Sheathing only 3% Timberstrand 46% LVL 6% • OSB Share? • APA believes that OSB is more like 50% of the market and Timberstrand about 20%--the reverse of the survey results. • The products look so much alike, there is probably confusion about what they are. • In 2007, APA’s Engineered Wood Specialists in the field pegged the OSB share at 55% Lumber 5% I-joists 14% OSB 24% Source: NAHBRC builder surveys. 2010 results shown.

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