The 2021 APA Annual Report is now available. The report highlights members who provided association leadership through the year, as well as membership information, market development results and codes, standards and quality assurance advances. The 2021 APA Annual Report can be downloaded at no charge at www.apawood.org/annual-report.
New Trustees Join APA Board
Two new members have been elected to APA – The Engineered Wood Association’s Board of Trustees.
Jimmy Mason, Executive Vice President of OSB for LP, has more than 20 years of manufacturing operations and leadership experience. His past experience at LP included managing plants and directing regional and corporate operations. Prior to joining LP, Mason held positions with International Paper and Milliken & Company. He earned a bachelor’s degree in business administration with a professional option in operations management from Auburn University. He was elected to the seat vacated by Jason Ringblom’s changed role with LP.
Matt Tobin, Vice-President of Sales and Marketing at West Fraser, has 16 years of progressive experience, predominantly in the company’s Canadian lumber business. Tobin holds a degree from the University of British Columbia – Okanagan. He was elected to the seat vacated by Mark Dubois-Phillips’ departure.
“We are grateful for the service of our volunteer leaders,” said President Mark Tibbetts. “Their dedication and support strengthen the engineered wood industry and APA.”
APA Releases 2022 Structural Panel & Engineered Wood Yearbook
The yearbook includes an analysis of the 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. In addition to the analysis and forecast, the yearbook also includes historical data on engineered wood production. Topics examined in the yearbook include:
• Residential construction in the U.S. and Canada (new and repair/remodel)
• Nonresidential and industrial markets
• Outlook and production statistics for structural panels (oriented strand board and plywood), including historical data
• North American imports and exports
• Engineered wood product demand and production (glued-laminated timber, I-joists and laminated veneer lumber)
Outlook 2022
In mid-March, Federal Reserve Chair Jerome Powell said the Federal Reserve will raise the target range for the federal funds rate in 25 basis point steps and do so six more times in 2022. In June, the Fed intends to begin reducing the size of its balance sheet to tighten credit conditions in hopes of combatting the acceleration in inflation. Further tightening is likely in 2023, but the question is, will these steps be enough to bring the inflation rate back to more expected 2% to 3% levels?
The outlook for single-family, multifamily and nonresidential construction and industrial end-use markets remains mixed. The entire 2022 market forecast, including all market segments and production outlook, as well as statistical data, is included in APA’s 2022 Structural Panel & Engineered Wood Yearbook, Form MKO-E187. Please contact Cheryl Kuchar at cheryl.kuchar@apawood.org to purchase the yearbook at $300.
