Redwood is used mainly for paneling, cladding, decking and fencing. Redwood is used regardless of if the house is new or old (repairs, renovation etc) which means that the demand remains constant. "prices for recent sales of redwood logs have held longer at previous levels than prices for other logs." (quote from http://www.nzredwood.co.nz/redwood-uses-and-markets/) It's beautiful deep red colour makes this wood more of a display/decorative wood than other kinds. (Known as an 'appearance wood'.)Redwood has low shrinkage/expansion rates, warping or checking rates which makes it perfect for decking and outdoor joinery. Redwood also has a natural durability to insect attacks and decay which means treatments and replacement is not needed in some cases, although a finish is recommended. Redwood is very porous and holds very little resin so it can absorb a wide range of finishes and retain them better than most other woods, which make this wood very easy to care for.
There is unsatisfied demand amongst Europe, the Eastern states and Asia for redwood as there are very few redwoods planted outside of their natural range. New Zealand however has one of the few planting grounds outside of the range, which makes our supply very valuable.
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