Framing a house using engineered wood has many advantages. Glue-laminated beams are stronger than their conventional solid, sawn counterparts. Engineered I-joists span greater distances, and their stiffness prevents squeaky floors. Oriented strand board sheathing prevents racking and provides good nailer for siding.
For more on framing, consider:
Deconstructing Engineered Wood
Engineered Wood Joist System Discussed (VIDEO)