CHINA - Building projects with a total floor space of 2,272 million m² were started in China during 2019 (+ 8.5 percent compared to 2018), of which 1,675 million m² were residential (+ 9.2 percent), reported Woodstat.
“This new record level will of course support a high consumption and import of softwood lumber”, says Jenny Wessung, CEO at 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 percent compared to 2018), of which 1501 million m² were residential (+1.5 percent).
The started floor space of residential buildings was larger than the sold floor space during 2019. The difference was 174 million m².
About Woodstat
Woodstat was founded 2007 by Lars-Göran Olsson who has worked with statistical analysis for the lumber industry since 1972.
