Focus on OSB: North America | 13


TO PRE-PANDEMIC LEVELS


OSB MARKET DEMAND SLIPS


After record prices and profitability in 2020 and 2021, rising mortgage interest rates caused housing construction and OSB demand to fall in the second half of 2022, report WBPI North American correspondents Rich and Dick Baldwin


A


fter record product prices, revenue, and profitability in 2021 for the North


American OSB industry, 2022 started off strong.


In aggregate, 2022 industry performance was the second best in history after 2021. However, mortgage interest rates steadily rose, housing purchase activity slowed down, and OSB prices fell during 2022. Prices and profitability at the end of 2022 were much lower than at the beginning of the year.


Above: Single family home in the US with OSB walls PHOTO: APA www.wbpionline.com | April/May 2023 | WBPI


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