Why all residential buildings in US are build of wood and not out of brick or concrete like in Europe? Brick and concrete last for centuries without any maintenance. They can withstand water, insects and fire. With wood, minor flood from busted pipe causes tens of thousands worth of damage. Bay Area residents pay $2 million for 50 years old wood shacks in Cupertino. Many of these houses have roting wood studs and will need major structural repairs in the next 20-30 years. Wooden house is a depreciating asset. I understand brick is hard to make earthquake resistant, but reinforced concrete is more earthquake proof than wood. And cost of construction is not much higher vs wood.
Easier to work with. Any idiot with a saw can renovate a wood framed house. Concrete? Gtfo.