Timber Crunch Shifts to Australia in Threat to Construction Boom
- Country faces deficit of 250,000 house frames over 15 years
- Industry associations call for urgent planting of more trees
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After sending shockwaves through the North American construction industry, a timber crunch is now coming for builders Down Under.
Australia could be facing a deficit of 250,000 wooden house frames over the next 15 years if efforts aren’t made to plant more trees, Master Builders Australia and Australian Forest Products Association said in a report.