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...
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 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,...
House building down, commercial up but sourcing eases further – S&P
House building saw its fastest decline in almost three years last month while commercial building saw some increase, though more slowly than its February peak, according to the latest survey of purchasing managers.
However, the...
‘Look beyond cities’ FMB tells Gove
Plans revealed today by housing secretary Michael Gove to release more brownfield sites for housebuilding have gained cautious industry approval but the Federation of Master Builders says they must look beyond just the cities.
The...
CPA sees recession ahead before growth in ‘25
Construction is expected to fall into recession this year with a 2.2% drop in output before turning to of 2.1% growth in 2025 and further growth of 3.6% in ’26, according to the spring...
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...
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...
Construction bouncing back from lockdown but no-deal Brexit threat still looms – CPA
Strong demand for new private housing and repair & maintenance looks set to mitigate the historic falls in construction growth during lockdown but the industry is not out of the woods yet and faces...
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...
