Fears of slump deepen with new forecast
Fears of a recession in construction output were confirmed today by a new forecast of a 6.4% drop in 2023, even worse than the 4.7% predicted only three months ago.
Private House building and repair/...
Business optimism sinks as new orders stall – CIPS PMI
UK construction companies reported a modest increase in business activity last month, but subdued demand was signalled by the weakest trend for new orders since the recovery began in June 2020, according to the...
Price hikes and delivery times continue to haunt building boom
The recovery in UK construction output gained further momentum last month, according to the latest IHS Markit / CIPS UK figures, with overall construction activity expanding at the fastest pace for four years, supported...
Emergency summit called on crisis of materials shortages
Industry bodies have come together to call an emergency summit on the growing crisis of materials shortages across construction and associated sectors.
The Civil Engineering Contractors Association (CECA) North East, the Builders Merchants Federation (BMF),...
White paper calls for ‘radical change’ towards single product competence standard
A call for the entire built environment sector to unite behind a single standard of product competence has been made in a new White Paper from a working group led by the Consumer Products...
‘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,...
Modular giant VBC reveals UK entry plan
Volumetric Building Companies, said to be one of the world’s biggest modular building manufacturers with global sales nearing $1billion, has announced plans to expand into the UK, targeting the build-to-rent, affordable housing, student accommodation,...
Signs of slowing in construction bounce-back as ‘wait and see’ caution takes hold
The near five-year high in construction output post-lockdown showed signs of slowing last month, according to the latest IHS Markit survey of purchasing managers, with respondents mostly pointing to a lack of new work...
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...
Growth forecast soon but not just yet – CPA
Construction output is forecast to fall by 2.1% this year but will turn around to rise by 2.0% in next year, according to the Winter Forecast published this week by the Construction Products Association.
“Private...
