12' sheets aren't common, they would be ridiculously expensive if you could find them
Horizontal or vertical orientation does not matter for strength as long as all the panel edges are nailed. Running the sheets vertically means less block lines (less things for the electrician to drill through, less thermal bridging, less work to install, less material)
Speaking as a professional framer, I would run the first course of sheets horizontal, put a line of blocks at 4', then run the upper sheets vertically
That is what I decided to do. I am also adding a second row of blocking 4 ft below the top plate. Although not really needed, I felt it would add strength.
Although I am sure running sheathing horizontal would be fine, the science and shear strength studies showing a vertical orientation being more resistant to shear forces makes me just want to go that route all the way around the garage
Thanks everyone for the input.
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