Concrete is not very common material for construction here in US, wood is still primarily the material used for almost everything. There are pros with having wood as construction material like faster construction build time and lower cost. Of course the durability and structural built will not be comparable to concrete building.
Wood is very much common up to this time but modernization introduces new material like the ICF forms. An insulated concrete form or ICF can provide cost-effective and and more structural support for a structure. It is an environmentally safe material from recycled waste wood. This cement bonded wood fiber needs no foam insulation anymore. It is built to hold a more secure, safer, energy and sound efficient structure.