Weekly Email News for the Glass, Glazing & Fenestration Industries

Housing starts up 4%
24th January 2012

Private housing construction increased 4% year on year for the three months to December according to the latest data from construction industry analyst Glenigan.

"The increase is in part due to a number of high value projects starting on site including a £70m development by United House for NHP Leisure that comprises 370 apartments and a hotel in Kingston upon Thames; 10 luxury flats in the Shard of Glass; a £36m scheme in Trowbridge; and a £24m scheme in Oldham,” James Abraham, economist at Glenigan said. “Looking ahead, Glenigan forecast 16% year-on-year growth for private housing in 2012 compared to a 7% overall decline for construction project starts."

For the construction industry as a whole, project starts for the three months to December fell 6% year on year. "Social housing project starts fell 27% as Government cut backs continue to impact the sector, and non-residential construction fell 17% with retail being the only part of the sector to see an increase. Civil engineering projects by contrast increased 51% year on year with utilities projects in particular driving growth," said Abraham.

On the regional perspective Abraham said: "Despite the national negative trend, Wales, the South East and South West of England enjoyed an increase in the year on year flow of new work in the final quarter of 2012, compared to falls in excess of 20% in Northern Ireland, the East and North West of England, and a decline of a third in Yorkshire."

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