Construction firms on the brink with growing number fighting for survival
Construction companies have come out worst in a count of businesses facing critical and financial distress, according to the latest Red Flag Alert report from Begbies Traynor.
The sector not only tops both the critical...
RMI growth ‘propping up’ construction amid continuing decline in new work
Repair, Maintenance and Improvement (RMI) is continuing to show growth offsetting similar negative figures in new work around the industry, according to the latest ONS figures.
While RMI put on 2.1% in November and 3.8%...
Construction downturn easing – S&P
Construction activity is continuing to decline but at a slower rate than at any other time since the current downturn began, according to the latest S&P Global report.
Tim Moore, Economics Director at S&P Global...
Tumbling materials prices in steepest decline since ’09, housing demand down – S&P
Construction purchasing prices fell more rapidly than in 14 years while subdued demand for new housing added to the continuing decline in residential building, all against a backdrop of continuing decline in construction activity,...
‘Good but not enough’ – first reactions to Autumn Statement
The new chancellor’s Autumn Statement has received a cautious welcome by industry bodies with the early consensus summed up as ‘a step in the right direction’ but more is needed.
Construction Products Association Economics Director...
Housebuilding woes add further to construction decline – S&P
Housebuilding activity has now fallen for eleven months in succession, with a steep decline adding further to a gloomy outlook for Construction last month, according to the latest figures from S&P Global Market Intelligence.
Economics...
No recovery yet as CPA forecasts recession to continue through ‘24
The end is not yet in sight for the expected recovery in construction output with a forecast 0.7% growth now downgraded to a contraction of 0.3% due to a weaker economic backdrop.
Interest rates have...
Housebuilding slump fuels steepest construction decline since pandemic days
Construction activity fell at the fastest pace since May 2020 with housebuilding showing the steepest fall of all sectors.
At the same time, supplier performance continued to grow robustly and delivery times for products and...
Supply chain and deliveries easing while new orders tumble – S&P
August saw a slump in housebuilding alongside the weakest activity forecasts since the beginning of the year and the fastest drop in new orders for over three years, according to the latest figures from...
Industry backs relaxation of anti-pollution building laws
Controversial plans to boost homebuilding by relaxing ‘defective EU laws’ on water pollution have been broadly welcomed by the industry despite the widespread outcry by environmental groups.
Housing secretary Michael Gove says the legacy laws...
