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Business for wood components manufacturers, particularly those involved in the residential segment, continues to be fairly steady as North America emerges from the coronavirus pandemic.
A recent survey of more than 150 component and dimension producers found that although they were initially hard hit by the COVID 19 pandemic, as evidenced by the 61.9% that reported negative effects in the first half of 2020, by the second half of 2020 that had lessened to 33.1%. Interestingly, 56.1% saw a positive effect on their business, likely due in part to the upswing in renovations as homeowners sheltered in place. And when asked for their 2021 sales projections, practically all, 86.4%, are optimistic.