House building strong amid cooling construction
Further evidence of the cooling off in construction has come with reports of an 8.5% decline in contract awards last month over August 2019.
The total value for the month was £4.4 billion, initially showing...
Supply crisis sees construction drop below pre-pandemic levels
Construction output fell by 1.6% in July, taking it 1.8% below the February 2020 pre-pandemic level, while the repair and maintenance sector grew by 0.6% – amounting to £27million – in the same period,...
Supplier delays and inflation ease but housing slows – S&P
Supplier delays and input cost inflation around the industry have begun to recede but housing activity fell for a third month in a row amid an overall picture of construction growth, according to the...
Reeves pledges return to homes targets with planning rules overhaul
New chancellor Rachel Reeves used her first days in office to commit the incoming government to reform the National Planning Policy Framework and bring back mandatory housing targets.
She also pledged a new taskforce to...
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...
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/...
Rising costs and economic uncertainty hit growth
UK construction companies reported another strong rise in business activity during April, but the speed of recovery lost momentum amid weaker new order gains, according to the latest CIPS Construction PMI report from S&P...
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...
