Construction
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Long-term forecasts suggest new building construction in Europe may have reached its peak
The population is shrinking, and the need for new construction is changing. In recent years, the construction of housing, residential garages, and holiday homes has declined significantly in Norway and most other European countries.... Continue reading
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July 14, 2025
Long-term forecasts suggest new building construction in Europe may have reached its peak
The population is shrinking, and the need for new construction is changing. In recent years, the construction of housing, residential garages, and holiday homes has declined significantly in Norway and most other European countries.... Continue reading
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February 19, 2025
European sawmills could benefit from upcoming construction boom in Saudi Arabia and Egypt
Both Egypt and Saudi Arabia are planning major construction projects, but so far many of the mega-projects are at the stage of promise.... Continue reading
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June 23, 2022
Sanctions on Russia negatively impact Australia’s construction industry
With supplies of key laminated veneered lumber (LVL) and engineered wood products (EWPs) imported from Russia and Belarus, which accounted for 40-50% of these construction products, no longer available due to sanctions imposed on both countries for Russia’s invasion of Ukraine, Australia’s tight timber markets are now facing a severe shortfall of products. The shortage is already starting to impact concrete constructions for multi residential, high-rise, commercial buildings, and some civil works, as well as i-joist beams and timber flooring systems. Previously, Australia imported LVL and EWP from EU countries. However, the EU has also placed sanctions, restrictions, and tariffs on Russian and Belarusian timbers, and therefore are now using their timber supplies and production capabilities to meet EU members’ internal needs. This has prompted Australian timber industry... Continue reading
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May 15, 2025
NZ’s timber industry braces for tough times as China’s construction slump continues
The construction slump in China is sending shockwaves through New Zealand’s timber trade.... Continue reading
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August 11, 2020
COVID-19 pandemic expected to further slow the global construction activity
Global construction activity contracted across all region in Q2 due to the lockdowns to control the spread of the COVID-19 virus and the impact of social distancing on jobsite activity. It is estimated that during Q2, onsite productivity dropped by -12% and approximately 25% of all projects were halted. On top of that it is anticipated that cost escalations over the next year will put additional pressures on the markets. According to RICS’ Global Construction Activity Index, a measure of current and expected construction market conditions among construction professionals read -24 in Q2, highlighting both the hit to activity, and a subdued outlook. While this measure was negative across regions, it was lowest in the Middle East and Africa (-40), and highest in the Americas (-14). For projects that continue, social distancing and health and safety precautions will restrict... Continue reading
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February 19, 2025
European sawmills could benefit from upcoming construction boom in Saudi Arabia and Egypt
Both Egypt and Saudi Arabia are planning major construction projects, but so far many of the mega-projects are at the stage of promise.... Continue reading
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May 15, 2025
NZ’s timber industry braces for tough times as China’s construction slump continues
The construction slump in China is sending shockwaves through New Zealand’s timber trade.... Continue reading
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July 14, 2025
Long-term forecasts suggest new building construction in Europe may have reached its peak
The population is shrinking, and the need for new construction is changing. In recent years, the construction of housing, residential garages, and holiday homes has declined significantly in Norway and most other European countries.... Continue reading