Globally, the number of new mass timber buildings will double every two years, reaching 24,000 by 2034, according to the 2020 North American Mass Timber report issued by the Forest Business Network. Should this turn out to be true, by 2034, the North American building industry will also store more carbon than it emits.
The Pandemic And Soaring Lumber Costs Have Not Deterred Developers From Considering Mass Timber
The use of mass timber in U.S. commercial real estate has been growing rapidly over the past six years, spurred by official recognition of its safety and strength. Corporate leaders have also come under increasing pressure to make environmentally friendly business choices, leading to an uptick in new mass timber developments, which have a lower impact on the environment than using concrete or steel.