Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Wood prices dip amidst cooling housing construction in Europe
Posted on August 18, 2023 |
European apartment completion rates are forecasted to diminish by 2025, and Germany predicted to decrease by 32%
Prospects for residential construction in Germany point to a sharp decline by 2025, impact on the timber market expected
Factors of uncertainty and cost escalation contribute to a contraction in the European residential building sector
Sweden, Denmark, and Hungary also envision substantial declines in 2023-2025
However, German residential construction orders are set to plummet by 32% by 2025