Skip to page content
USDA Forest Service
  
Treesearch

Research & Development Treesearch

 
Treesearch Home
About Treesearch
Contact Us
Research & Development
Forest Products Lab
International Institute of Tropical Forestry
Northern
Pacific Northwest
Pacific Southwest
Rocky Mountain
Southern Research Station
Help
 

Science.gov - We Participate


USA.gov  Government Made Easy


Global Forest Information Service

US Forest Service
P.O. Box 96090
Washington, D.C.
20090-6090

(202) 205-8333

You are here: Home / Search / Publication Information
Bookmark and Share

Publication Information

View PDF (1.1 MB)

Related Research Highlights

Picture of Construction-Sector Developments in Europe, 2012-2013
NRS-2014-071
Construction-Sector Developments in Europe, 2012-2013

Title: Housing and construction markets

Author: Alderman, Delton.;

Date: 2013

Source: Forest Products Annual Market Review 2012-2013: 115-122.

Publication Series: Scientific Journal (JRNL)

Description: The UNECE region's economic recovery has been sluggish; national income in more than half of the region’s countries has yet to return to 2008 levels and unemployment remains high. Numerous risks remain that could endanger even moderate growth in 2014 and beyond as the eurozone crisis appears to be deepening. Further deterioration in the eurozone or an economic downturn in a major country might have significant implications not only for the European Union but also for the global economy. The European housing construction market is still stagnant due to the ongoing sovereign debt crisis, a recession in several countries and the lingering effects of the collapse of the Spanish and Irish housing markets. Growth estimates are negative for new housing and remodelling in 2013 - with improvement in new housing not expected until 2014 at the earliest. Uncertainties about the sovereign debt crisis and a lack of confidence in several European countries, in addition to increasing unemployment, low consumer sentiment, tightened loan requirements and adverse income prospects, have contributed to the unstable performance of the European housing markets. This may hinder a robust housing recovery in Europe. The United States housing market is improving; yet, to place things in perspective, housing starts remain at historically low levels. United States home prices are increasing year on year; the Standard & Poor's 10- and 20-City Composites have increased 10.3% and 10.9%, respectively. North American building material demand and prices have increased substantially from their 2010 levels. Canadian and United States forest-product exports are stable, particularly due to Chinese imports. North American forest-product firms also are benefitting from the improving United States housing market. Canada's economic fundamentals slowed in late 2012 and this trend is expected to continue into 2013. Forecasts suggest modest housing demand, with a resulting decline in housing starts in 2013.

Publication Notes:

  • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
  • This publication may be available in hard copy. Check the Northern Research Station web site to request a printed copy of this publication.
  • Our on-line publications are scanned and captured using Adobe Acrobat. During the capture process some typographical errors may occur. Please contact Sharon Hobrla, shobrla@fs.fed.us if you notice any errors which make this publication unusable.

XML: View XML

Citation:


Alderman, Delton. 2013. Housing and construction markets. Forest Products Annual Market Review 2012-2013: 115-122.

 


 [ Get Acrobat ]  Get the latest version of the Adobe Acrobat reader or Acrobat Reader for Windows with Search and Accessibility

USDA logo which links to the department's national site. Forest Service logo which links to the agency's national site.