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Component Manufacturing dverti$er
Adverti$er
Don’t Forget! You Saw it in the
June 2018 #10227 Page #6
Wood Components in Multi-Family Housing Part Four: Apartment Trends of the 1990s and Beyond
W
hat was true in the Nineties is just as true today, that large apartment jobs can crowd out single family orders. But with the proper mix of work, a plant can achieve more steady production. Since 1993 was nearly as dire as 2010, most CMs focused on the growing single family sector.
After a partial recovery in the mid-Nineties (see chart above), apartment construction experienced 15 stagnant years. Concurrently, single family starts were on a growth trajectory. Consequently, across the nation, from 1985 to 1993, apartment starts declined from 40% to 15% of the total starts. At the end of the Nineties, apartment starts recovered to only 20% of total (see chart below). Undoubtedly, those dismal numbers prompted Trussway to purchase 6 mainly residential truss plants in Michigan and the Carolinas from Hager Industries.
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