Peak of housing timber crunch has passed: HIA

Jack Needham
By Jack Needham
Updated September 23 2021 - 2:48am, first published September 22 2021 - 11:00pm
Timber shortages have led to delays of up to three months in residential construction projects, industry sources say. Photo: Shutterstock

The worst of Australia's timber shortage has already passed, with a dive in overseas timber prices, better planning from builders and new support from the federal government likely to lead to reduced timeframes on residential projects according to a housing industry economist.

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Jack Needham

Jack Needham

Property News Editor

Jack has been writing about real estate since 2015, covering residential and commercial property markets throughout Australia for the likes of Smart Property Investment and Domain. He has also spent time in the United States researching real estate trends, with a focus on housing affordability issues, for the California Association of Realtors.