Non-Residential Starts July 2018
Wooden non-residential countered weakness in housing and posted solid gains in July. Although the total number of non-residential wooden buildings declined from 1,722 in June to 1,693 in July, total wooden floor area increased 8.8% to 351,441m2. While the gains were broad based including medical, elderly care and public facilities, agricultural buildings led the increase with floor area almost tripling from 22,285m2 in June to 63,116m2 in July. Year to date cumulative wooden floor area topped 2 million m2, generating an estimated wood demand of over 350,000m3.