Previous research has shown a lack of studies with comparisons between primary (virgin) and secondary (re-used) building materials, and their embodied emissions. The creation of different scenarios comparing the environmental impact of virgin vs. re-used materials is also motivated by the scarcity of raw materials in the world and the emergency of mitigating greenhouse gas (GHG) emissions from buildings. The aim of this study was to investigate scenarios, including new vs. re-used building products, applying the LCA method for a wooden single-family building. The findings showed a 23% reduction potential for total released (positive) CO2e when comparing the Reference scenario with Scenario I, using re-used wooden-based materials. Further, Scenario II, using all re-used building materials except for installations, showed a 59% CO2e reduction potential compared to the Reference scenario. Finally, Scenario III, which assumes all re-used building products, showed a 92% decreased global warming potential (GWP) impact compared to the Reference scenario. However, when including biogenic carbon and benefits (A5 and D module), the Reference scenario, based on newly produced wooden building materials, has the largest negative GHG emissions. It can be concluded that the re-use of building products leads to significant carbon savings compared to using new building products.