New business adds to growing optimism in construction
UK construction shoed marginal growth last month but the rate of new business growth was the fastest since May 2023 and business optimism improved to reach the highest in over two years, according to...
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%...
Code for Construction Product Information published to promote ‘urgent behaviour change’ among manufacturers
The Code for Construction Product Information (CCPI), Code guidance, developed by the Construction Products Association’s Marketing Integrity Group, has been launched in response to the Hackitt Report following the Grenfell Tower disaster.
The publishers say the Code...
Homebuilding leads construction upturn – Markit
A steep rise in homebuilding has led a strong upturn on construction activity at the end of the third quarter, with firms increasing their purchasing at the quickest pace for nearly five years, according...
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...
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...
Stricter payment rules for public contracts take effect
New prompt payment rules that could see slow-paying contractors facing a ban on bidding for public work have now come into force.
Companies bidding for large contracts must now show they can pay all invoices...
Construction strong despite supply delays and price rises
The recovery in UK construction output gained considerable momentum in March, supported by robust rises in house building, commercial work and civil engineering, according to the latest figures from HIS Markit.
The report also records...
Homes and RMI to take the brunt of recession forecast amid ‘less friendly govt...
UK construction output is predicted to fall by 4.7% this year with house building and RMI feared to be the worst hit before recovering with a marginal growth of just 0.6% next year, according...
FMB calls for green retrofit plan to offset construction issues
The government needs to come up with a National Retrofit Strategy to offset the construction issues including growing unemployment, according to the Federation of Master Builders.
Chief Executive Brian Berry said such a strategy would...
