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...
Merchants see like-for-like Q2 sales nearing 15% up
Total value of sales from Britain’s builders’ merchants grew by 7.6% in April to June over Q1 but four fewer trading days in the period took like-for-like sales to +14.8%, according to the latest...
‘Acute recession’ looming with double-digit drops in new-build and RMI
The construction industry is heading for an acute recession driven by double-digit falls both private house new build and retrofit, according to the latest forecasts from the Construction Products Association.
“With a flatlining UK economy,...
Home Office adds more trades to easier visa list for foreign workers
Industry bodies have welcomed the confirmation by the Home Office that more trades including carpenters, joiners, roof workers and other construction workers have been added to the Shortage Occupation List giving workers from overseas...
Call for more commitment to housing as home building slumps again
Rising borrowing costs put further pressure on residential construction, giving the fastest decline since Covid-hit 2020, leading to further calls for the government to give a clear commitment to building more homes.
FMB chief executive...
Housebuilding declining, commercial growing, supply issues normalising – S&P
Mixed fortunes are highlighted in the latest S&P Global construction survey, with house building in deep decline while commercial grows, against a background that sees earlier serious supply problems continuing to normalise.
Improving supply issues,...
Supply problems fading fast but house building continues to decline – S&P
Materials supply problems throughout the industry showed the strongest improvement since 2009, according to the latest purchasing managers reports from S&P Global. At the same time however, house building showed the steepest decline for...
