Construction buoyant but strong headwinds coming – CPA
Construction activity is set for a dramatic slowing in growth with further uncertainty ahead as global issues start to affect the UK market, according to the latest quarterly forecast from the Construction Products Association.
The...
Ukraine and inflation drive construction optimism to 18-month low
A continued rise in construction output last month was offset by the combined impact of inflationary pressures and the war in Ukraine which drove industry confidence down to the weakest since October 2020, according...
Housing hopes gather pace with more planning green lights
The future of UK housing is looking optimistic with £3.8billion of plans granted the go-ahead last month, clearly higher than the £3.5billion average throughout 2021, according to the latest figures from Barbour ABI.
The residential...
Output strong, inflation easing – Markit
Construction output last month showed the strongest activity since mid-2021 amid stronger client confidence and work on new projects commencing, according to the latest report by HIS Markit.
Companies however continued to report widespread supply...
CPA adds more hope of growth
Further optimism for growth alongside easing supply issues has come this week from the Construction Products Association with a forecast that construction will put on a ‘robust’ 4.3% this year before slowing to 2.3%...
Further easing of supply and price issues – Markit
The industry is continuing to pull out of the combined blights of supply bottlenecks and soaring prices with now only a third (34%) of firms reporting problems last month against nearly half (47%) in...
Lords call to ‘get SMEs back’ to fight new homes shortfall
The UK could be 25,000 homes a year nearer to tackling the urgent housing crisis if the sharp decline in the contribution of SME housebuilders could be reversed, according to a report published yesterday...
Pandemic puts the brake on offsite growth
The market for offsite housing is estimated to have increased by 6% at manufacturers sales prices, significantly lower than the 2019 estimate of 12%, according to the latest findings by AMA Research.
This is due...
Price and supply woes still biting but is the worst over? – Markit
UK construction companies continued to report widespread supply constraints and rapidly increasing purchase prices but the latest report from IHS Markit, CIPS forecasts that “the worst phase of the supply crunch may have passed.”
Reports...
Output growth up in ’21 but forecast dips for ’22 – CPA
The predicted growth for construction output for the year has increased to 14.3% from its previous 13.7%, according to the Construction Products Association, but next year’s forecast is now revised down from 6.3% to...
