Shortages, delays and price hikes halt construction growth
Transport shortages and delays as well as the sharpest rise in building costs for over two years helped bring an end to seven months of growth in UK construction output, according to the latest...
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...
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,...
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...
Housing growth still dogged by consumer fears
Sluggish growth in house building was the biggest cause of the lack of momentum across construction, brought about by subdued consumer confidence and worries about the economic outlook, according to the latest PMI figures...
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...
Output growth up in ’21 but forecast dips for ’22 – CPA
The predicted growth for construction output for the year has increased to 14.3% from its previous 13.7%, according to the Construction Products Association, but next year’s forecast is now revised down from 6.3% to...
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,...
Pandemic puts the brake on offsite growth
The market for offsite housing is estimated to have increased by 6% at manufacturers sales prices, significantly lower than the 2019 estimate of 12%, according to the latest findings by AMA Research.
This is due...
Construction shows fastest growth for two years – S&P
Growth in the UK construction sector gained momentum during May, with activity and new business increasing at sharper rates than in April, with the result that overall activity rose at the fastest pace for...
