Outlook and alternatives: UK timber industry’s expectations for 2023

Various professionals in the UK timber industry expressed their insights on the key topics and issues anticipated for the year 2023. Their responses shed light on the industry's perspective. James Scott, Managing Director of Scotts Timber Engineering, expressed a positive outlook for the new homes market in 2023. According to Scott, there is a strong demand for timber-engineered products, with stable timber prices, sufficient material supply, and healthy production volumes. Although last year's mini-budget and rising living costs affected homebuyer confidence, signs of recovery in the housing market are emerging. Scott expects interest rates to ...