Procedures used to estimate hardwood lumber consumption from 1963 to 2002

Abstract

This paper presents an explanation for and procedures used to estimate hardwood lumber consumption by secondary hardwood processing industries from 1963 to 2002. This includes: classification of industry and industry groups, development of proxy prices used to estimate lumber consumption, assumptions used to convert dimension purchases to lumber consumption, estimation of material consumption by firms not reporting material consumption by kind, and estimation of lumber use in frame stock production. Also presented are the special procedures used to estimate lumber consumed by the hardwood flooring, kitchen cabinet, pallet, crosstie, and hardwood plywood industries. The equation on page 10, column 2 was revised on October 17, 2008.