News in international markets

European Lumber Exports Continue to Grow

European lumber exporters continue to expand their overseas sales markets. Growing them over the past ten years from 30% to 45% and with a fifth of total export production in 2020 going to Asia. Traditionally most of the shipments went to neighboring countries on the continent and about 20% being shipped to the Middle East\Northern Africa, the US and Japan.

Reuter Poll Suggests 2021 has the Potential of Being a Difficult Year for the Global Housing Markets

A recent Reuters poll conducted between September 15th – 29th, disclosed that most major housing markets around the world will not be able to keep up with consumer price inflation in 2021. As a result, they are faced with multiple downside risks, in spite of rising strongly this year amid the COVID-19 pandemic and historically low interest rates.