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Residential buildings started in China 2019 at new record level
Press release
1/24/2020
Residential buildings started in China 2019 at new record level
Building projects with a total floor space of 2272 million m² were started in China during 2019 (+8.5% compared to 2018), of which 1675 million m² were residential (+9.2%). "This new record level will of course support a high consumption and import of softwood lumber", says Jenny Wessung, CEO at the analysis company Woodstat AB who is specialized in the softwood lumber market.
A total floor space of 1716 million m² were sold in China during 2019 (-0.1% compared to 2018), of which 1501 million m² were residential (+1.5%). The started floor space of residential buildings was larger than the sold floor space during 2019. The difference was 174 million m².
The trend line for total building projects started in China in terms of floor space is at a record high level.
A full version of this report with more detailed information can be found in the Woodstat Market News newsletter.
For more information contact:
Jenny Wessung, CEO
Woodstat AB
jenny.wessung@woodstat.com
https://www.woodstat.com
About Woodstat
Since 2007 Woodstat delivers comprehensive statistics and analysis to sawmills, forest owners and banks across the world. Woodstat publishes approximately 400 issues of the newsletter "Market News" every year. The Market News are concise and contain the latest market statistics for the manufactured lumber product industry. Woodstat's charts collection is available at www.woodstat.com and contains hundreds of relevant diagrammatic data for anyone working in the wood or forest industry.