Cost: Wood costs less to build with.
Speed: Wood is easier and faster to build with
Durability: Wood tends to be more forgiving/replaceable in all climates.
Availability: Wood is cheap and available for the time being, usually in all areas of North America. Transport is cheap also.
Flexibility: With home changing hands every 10-20 years, new owners can quickly remodel rooms and configuration.
Last but not least, Housing codes: Where clear specifications on build quality and engineering have to be followed for the structure ot be approved in all regions. (fire prevention, flood proof, insulation, energy waste, etc.)
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