Korea Housing Construction Update
Korean Housing Starts Summary and Market Condition:
Korea’s housing starts in 2011 considerably increased 21.0% to 98,952 buildings from a year earlier 81,793 buildings owing to the continuous tax benefits to real estate investors and widened financial support for local builders, which are being extended by the Korean government as a way of shoring up the sluggish housing market.
Korean Wood Building Permits and Starts Summary:
The number of wood building permits and starts in 2011 also increased 4.2% and 6.3% to 11,382 buildings and 10,159 buildings respectively compared with the same period in 2010.