Housing and construction, 2018-2019

Delton Alderman

Treesearch

Housing and construction, 2018-2019

Formally Refereed

Authors:

Delton Alderman

Year:

2019

Type:

Miscellaneous

Station:

Forest Products Laboratory

Source:

UNECE/FAO Forest Products Annual Market Review, 2018-2019. Geneva Timber and Forest Study Paper 48, ECE/TIM/ SP/48. United Nations Publications, New York and Geneva. 15 p.

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Abstract

Housing prices have generally performed better than economies in most countries in the UNECE region. Economic projections and house-price analysis can provide insights into the housing construction, sales and remodelling markets and subsequently into wood product demand. The Bank of International Settlements (BIS) reported that residential housing prices increased by 1.9% globally in 2018, year-onyear, and by 2.2% in the euro area, 2.0% in the US and 1.0% in the Russian Federation. Canadian house prices retreated, however, by 0.06%. According to BIS, real residential prices (adjusted for inflation) are still substantially higher than in the wake of the global financial crisis (BIS, 2019).

Keywords

Canada, CIS, European, Russian, United States housing, permits, starts and completions, construction spending, gross domestic product estimates, housing forecasts, state of current housing conditions

Citation

Alderman, D. 2019. Housing and construction, 2018-2019. UNECE/FAO Forest Products Annual Market Review, 2018-2019. Geneva Timber and Forest Study Paper 48, ECE/TIM/ SP/48. United Nations Publications, New York and Geneva. 15 p.