International

If you had to pick one industry in the U.S. that’s feeling the impact of those Federal Reserve rate hikes, it would be housing. Existing home sales are down 28% since last year, according to the National Association of Realtors — which is a Marketplace underwriter. The thing is, we’re not the only country fighting inflation. Central banks from
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Germany’s central bank is predicting a slowdown but no significant correction in the country’s property market despite warnings of overvaluation, according to a report published Thursday. Claudia Buch, vice president of the Bundesbank, told CNBC’s Joumanna Bercetche: “We do see a slowdown in the price growth for residential real estate, but it’s not that the
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John Newcomb, CEO of the BMF and Peter Caplehorn, CEO of the CPA, co-chairs of the Construction Leadership Council’s Product Availability working group, have issued a joint statement on product availability. Product supply continues to improve, with the availability of building materials and products overall now at its best since pre-pandemic levels last seen at
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A new Critical Materials Taskforce will bring together industry experts to watch for emerging supply chain risks in the building and construction industry, the Minister for Building and Construction Megan Woods says. The new entity includes sector leaders from the Government’s Plasterboard Taskforce which was set up in June 2022, and has been reshaped to
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In the first ten months of 2022, Russia’s lumber production totalled to 24.7 million m3, or 8.5% less than in the same period last year. In October, lumber production decreased by 18.3% year-on-year, according to the Federal Service for State Statistics (Rosstat). In January-October 2022, Russia’s plywood production totalled 2.785 million m3, or 26.7% less
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