News & Events

Timber Market undergoes biggest period of change in decades

Property Consultants Bidwells have released their Summer 2018 Timber Price Database which looks at the standing conifer timber prices achieved in the six months to September 2017, indicating the timber market has undergone perhaps the biggest period of change seen in decades.

Returns from 79 transactions totalling over 742,000 cubic metres of coniferous timber, with a value to the grower in excess of £28 Million have been received and indicate on average significant price rises over the period.

With Bidwell’s last commentary back in December 2017 stated that there were “current reports of supply shortages and increasing upwards pressure on standing sales values” – this has proved to be something of an understatement as the latest set of results for October 2017 – March 2018 had clearly demonstrated.

All signals are pointing towards prices of coniferous timber throughout Scotland & Northern England having continued to increase since the end of March and there are still considerable supply pressures on timber processors. 

Raymond Henderson, Forestry Partner at Bidwells commented: “It is always difficult to predict the future, given the influence which global demand and exchange rates have on domestic timber values, but the overall macro-economic situation of increasing demand and tightening supplies suggests no reason to suspect a weakening of prices over the short term."

“Good news for timber growers then, but possibly less so for many processors, and given the closely linked health dependence of each sector on the other, it can be in no-one’s best interests to see unsustainably high prices. The hope is therefore that what we have been seeing is a re-basing of timber values at levels which can be maintained in the long term.”

To view the full insights and research, please click on the report here

 

[News URL: http://cti-timber.org/content/timber-market-undergoes-biggest-period-change-decades]

Major trade organisations confirm collaboration under CTI umbrella at Timber Expo 2018

For the third year in a row, the Confederation of Timber Industries (CTI) is returning to NEC Birmingham where it will be exhibiting at Timber Expo 2018.

Taking place between 9 and 11 October 2018, Timber Expo is the only UK trade show exclusively dedicated to building with wood and is expected to gather thousands of visitors from across the UK Construction Industry.

This year, the CTI will be coordinating the joint Stand T40 – in conjunction with the British Woodworking Federation (BWF), Structural Timber Association (STA), Timber Trade Federation (TTF), Trussed Rafter Association (TRA) and Wood Protection Association (WPA). By sharing the same stand, these four major trade associations uphold the decision of championing a collaborative approach across the UK Timber Industry under the umbrella of the CTI.

The CTI Stand will host a wide set of briefings, presentations and meetings along with offering informative material such as publications and technical guides. The target is to showcase benefits and applications of timber in construction and enlarge the market for timber products.

From this perspective, the Confederation of Timber Industries will also deliver a programme filled with CPD workshops and networking events, supported by the timber industry’s campaign, Wood for Good.

CTI Chairman Roy Wakeman OBE said: “Timber Expo comes at a challenging time for the Timber Industry and the UK economy in general, with Brexit looming on the horizon and the housing crisis yet unsolved.”

“However, these changing times give us the opportunity to rethink the way our economy is shaped and finally move towards a solid and feasible low carbon model where timber has a great role to play.”

“Our Industry can considerably help the UK achieve this ambitious target as long as we show unity of purpose among all the major organisations within the Sector. For this reason, the CTI joint stand at Timber Expo – managed in collaboration with the BWF, STA, TTF and WPA - represents not only a point of reference for anyone interested in timber, but also an encouraging signal for the entire Sector”.

Free registration to the show is now open at: https://www.ukconstructionweek.com/timber-expo

 

[News URL: http://cti-timber.org/content/major-trade-organisations-confirm-collaboration-under-cti-umbrella-timber-expo-2018]

British Woodworking Federation launches 'Build it Better with Wood' campaign

The British Woodworking Federation (BWF) has launched a campaign to promote the UK’s woodworking sector and the many benefits of building with wood.

‘Build it Better with Wood’, is designed to make wood the construction material of choice by celebrating its many benefits in the built environment and promoting the vast range of woodworking and joinery expertise available in the UK.

Wood has many significant advantages as a cost effective, versatile, high-performing and truly sustainable building material that can be used in a broad range of applications. And with around 700 BWF members across the UK, there is no shortage of highly skilled and trusted suppliers to choose to build with.

“Build it Better with Wood strengthens the collective voice of the woodworking sector with the aim of making wood the first-choice material in any build.” said Iain McIlwee, former CEO at the British Woodworking Federation. “Build it Better with Wood isn’t just a statement, it embodies the values of this organisation. The 21st century is waking up to the potential of timber and we are working with a growing network of customers and specifiers to ensure that they appreciate the benefits of building with wood. But, as a supply chain, we cannot be complacent and rely on the inherent qualities of the material – we can do more to be healthy, sustainable, efficient and safe.

“Every member joining the BWF is visited and audited against our Code of Conduct. This means that our community is made up of people who share these values and that customers can be assured that they are working with a supplier who is committed to best practice in all areas of operation, including customer care and complaints, technical expertise and training, environmental impact and waste as well as employment, education legislation and health and safety.

“With wood delivering on so many levels, from its aesthetic beauty through to its environmental benefits, and the woodworking sector boasting craftspeople and engineers of the very highest calibre, the proliferation of wood in the built environment presents exciting opportunities for the construction sector.”

The launch of the new Campaign was accompanied by the news of a change at the top of BWF management with Iain McIlwee to stand down as Chief Executive after almost seven years. 

Iain will continue to work alongside the new appointed BWF Acting CEO Helen Hewitt until the end of September.

Helen said: “I am absolutely delighted and honoured to be given the opportunity to spearhead the BWF through this next period of change. I am excited to start this new role and am looking forward to working closely with our Members, the Council and Executive in developing the strategy focused on the new Build it Better with Wood campaign."

 

[News URL: http://cti-timber.org/content/british-woodworking-federation-launches-build-it-better-wood-campaign]

Timber Expo 2018 | 9-11 October 2018 | NEC, Birmingham

Timber Expo is returning to Birmingham’s NEC from 9 - 11 October 2018.

Timber Expo is one of the most renowned trade shows in the UK, covering a breadth of timber applications from timber frame, sawmills, merchants, glulam, SIPs, CLT, fixings and fastenings, timber cladding, doors/windows, mouldings, skirtings and flooring. 

The show is supported by industry associations including CTI, TRADA, STTC, BMF, RIBA, CIAT, Wood for Good and NaCSBA where trade visitors can gather under one roof to discover the latest products, innovations and developments across the timber sector - not just from the UK but from an increasingly exciting and diverse international market.

Timber Expo unites over 100 exhibitors with an audience of over 35,000 industry professionals as part of UK Construction Week

UK Construction Week consists of nine shows under one roof, Timber Expo, Building Tech Live, Build Show, Civils Expo, Energy 2018, HVAC 2018, Plant & Machinery Live, Surface Materials Show and Grand Designs Live.

For more information - and free registration - visit: https://www.ukconstructionweek.com/timber-expo

View the event on the CTI & Industry Calendar.

Below you can also find a brief overview of the Timber Expo highlights from its three day residence at UK Construction Week 2017.

 

[News URL: http://cti-timber.org/content/timber-expo-2018-9-11-october-2018-nec-birmingham]

Wood For Good produces new video on Build to Rent and Future of Housing

Wood for Good has produced a new video shining the spotlight on the growing Build to Rent sector and examining the unique nature of this market.

According to the British Property Federation, there are now almost 120,000 Build to Rent units already built, under construction or in planning across the UK; a 30% increase over the last year.

Christiane Lellig, campaign director at Wood for Good said: “Build to Rent is becoming increasingly important in the UK housing market. We teamed up with Build to Rent consultancy LIV Consult and property consultancy Gardiner & Theobald to highlight the growing importance of this sector, to examine some of the opportunities and challenges of this market and also to show how the timber industry can play a central role.”

Oliver Booth, partner at property consultancy Gardiner & Theobald, said: “The need for Build to Rent has never been more important. The bottom line is we have an availability of housing crisis in the UK and there are many brave organisations, corporations and institutions stepping up to try and fix that.”

Build to Rent developers and investors are in the market for the long haul; choosing higher-end materials such as engineered timber, both within the building’s fabric and the fit and finish that will stand the test of time.

Designing for efficiency and specifications that will last long term is a distinct separation from the traditional build for sale market, where cheaper materials and finishes are frequently specified to maximise profits for the developer.

Commenting on the unique nature of the Build to Rent market, Ashley Perry, Build to Rent consultancy director at LIV Consult, said: “The Build to Rent market is unique because of its focus on resident experience and efficiency through design, operations and overall long-term use.

“Designers and developers have to understand how efficiently the building can operate as that will drive long term income and capital growth for investors.”

Highlighting the pivotal role the timber industry can play, Oliver Booth said: “A major benefit of engineered timber is that it’s fast to construct and that’s good for the Build to Rent model because we need to build quickly.

“In addition, organisations want to use timber because it’s such a sustainable product. Those materials that are made and can be disposed of in a sustainable way and that contribute to people’s health and wellbeing, will have a competitive advantage over those that don’t.”

Typically, Build to Rent schemes target young professionals, students and downsizers who buy into the lifestyle and convenience of well-built properties with a superior fit and finish, and are close to local amenities.

Build to Rent and the future of housing from Wood for Good on Vimeo.

 

[News URL: http://cti-timber.org/content/wood-good-produces-new-video-build-rent-and-future-housing]

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