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