250,000 house frames missing by 2035 – new report confirms impending cliff without new plantings

Australia’s housing construction industry faces a severe timber supply shortfall by mid-century if the country does not act quickly to implement the plan for one billion new production trees, according to a new report from Forest and Wood Products Australia (FWPA).

The Australian Forest Products Association (AFPA) and Master Builders Australia (MBA) claim that final report released this week reveals that demand for new homes will increase from an average of 183,000 new homes per year to an average of 259,000 per year by 2050, driving huge demand for timber. To close the supply gap, Australia needs to meet One billion new production trees objective and not rely on significantly increased imports to fill the gap.

AFPA CEO Ross Hampton said: “International demand for wood continues to rise as governments demand more wood in buildings and fiber to replace plastics to meet laudable climate goals. This is a good thing, but it will be even more difficult to source imports to meet our own growing demands for wood.

“Australia has vast tracts of land suitable for timber production, but our plantation estate has stagnated – and even retreated in some places – over the past two decades. This needs to be reversed and there is no time to waste. Forest Industries looks forward to working quickly with the Albanian government to begin rolling out the $86 million pledged during the election campaign as the first tranche of funding needed to plant the seedlings.

Denita Wawn, CEO of Master Builders Australia, said: “Severe wood shortages across the industry have put a strain on thousands of building and construction businesses and contributed to the inflationary pressures our industry has been under for the past. many months. The case for increasing the supply of locally grown timber is compelling and will remain so even as COVID-related supply chain disruptions ease. It is a decision that will support jobs and economic activity in the country’s residential construction sector.

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