Confidence is starting to recover following the immediate reaction to the EU Referendum, as the UK residential property market experiences a slight upturn in August, according to the latest Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey.
After an eventful final week of June with a series of shocks sent through the economy, the construction sector managed to hold strong, with new orders reaching £6.2bn on the month, the highest figure of any month so far in 2016.
The construction industry remained in a strong position during April with £6.1bn worth of contracts awarded, led by a 26% monthly spike in contract value from the residential sector, despite growing fears of a lacklustre second quarter for the UK economy.
After a subdued start for construction in 2016, the industry picked up the pace in March with £6.1 billion worth of construction contracts delivered. This is the highest of the year to date, particularly influenced by the continued strength of the residential sector.
In February 2016, output in the construction industry was estimated to have decreased by 0.3% compared with January 2016, according to the Office for National Statistics (ONS).
Total GB construction output in 2016 is forecast to grow by 3.3% compared to 2015 (at constant 2012 prices), according to construction research company Leading Edge. This would take total output to £135.3bn in 2016, beating the previous all-time high of £133.7b, which was reached in 2007.
Diversity in the housing market is the only way to solve the UK’s housing issues, according to a report published today which brings together insights into the future of Britain’s housing market.
The UK housing market has seen a rise in demand following the government’s recent announcement that stamp duty is set to increase for buy-to-let investors, the latest survey by the Royal Institution of Chartered Surveyors (RICS) has revealed.
Aggregates markets in Great Britain are forecast to get back to the levels seen in 2007 by 2020, according to a new report entitled: ‘The primary aggregates producing industry in Great Britain – Its structure, markets and prospects,’ by BDS Marketing Research.
A new report on the builders’ merchant market from MTW Research has found that 70% of merchants are experiencing growth in revenue and profitability in 2015, with sales set to rise above inflation in 2016.
Mel Budd is managing director at Leading Edge.
Total GB construction output volume (at constant 2011 prices) in 2015 is forecast to grow by 1.6% compared to 2014, with further growth of 3.3% in 2016, according to the construction research specialist Leading Edge.
The number of new homes being registered to be built across the UK continues to outperform 2014 levels, according to the latest National House-Building Council (NHBC) figures for July.
In quarter two (April to June 2015), output in the construction industry has increased by 0.2% compared with quarter one (January to March 2015), according to the latest data from the Office for National Statistics (ONS).
More retirement homes were registered to be built in the UK in the first six months of this year than the whole of the previous year, according to new figures released by the National House Building Council (NHBC).
New home registrations for 2015 remain at a higher level than last year, with strong growth reported in May, according to new figures released by the National House Building Council (NHBC).
Housebuilding suffered a setback in May as the number of contracts awarded for newbuild residential units fell to its lowest point of the year.
The Builders Merchants Federation (BMF) has released the latest sales figures generated by GfK’s Builders Merchants Panel, which represents 80% of the UK’s general builders’ merchants.
New house building figures released on 8 May by the National House-Building Council (NHBC) for Q1 2015 show that more than 40,000 new homes were registered in the UK during the first three months of the year, an increase of 18% on the same period last year.
Proposed investment in land and property from manufacturing companies continues to grow as planning application floor space for factory construction increased by 50% in 2014 and is on track for a further 40% growth in 2015.
Speedy, the UK tools, equipment and plant hire services company, will announce the results for the year ended 31 March 2015, on 12 May 2015.
Construction output is forecast to increase 5.5% this year, according to the latest forecasts from the Construction Products Association (CPA). However, growth is expected to slow in the following two years due to the impacts of Election uncertainty.
Registrations for the rolling quarter are up 13% on the same period 12 months ago, according to the first new home figures for 2015, revealed recently by the National House-Building Council (NHBC).
There was a rise in the number of new homes started in England in 2014, the Office for National Statistics (ONS) has reported.
Construction activity rose for the seventh consecutive quarter in Q4 of 2014, according to the latest Construction Trade Survey from the Construction Products Association (CPA).
The industrial construction sector saw the total value of its contracts increase by over 38% in January compared to December, according to the latest figures from Barbour ABI’s Economic Construction Market Review.
Michael Dall discusses the construction market for London 2015.
A recent report shows encouraging signs for London construction after steady growth in 2014, positioning 2015 to be a strong year with forecasted growth at 5.3% and a number of major schemes in the pipeline.
A construction skills time bomb is ticking, with skills shortages on the increase across a number of trades and professions, according to the Federation of Master Builders (FMB).
The number of detached homes being built has surged in the last year, new figures from the National House-Building Council (NHBC) have shown.
Construction output is forecast to increase by 5.3% in 2015 and 17.8% by 2018, according to the latest forecasts from the Construction Products Association (CPA).
A resurgence of regional and national growth is driving a strong construction comeback, according to research released yesterday by the Construction Industry Training Board (CITB).
Total GB construction output volume (at constant 2011 prices) in 2015 is forecast to grow by 4.2% compared to 2014, with further growth of 3.7% in 2015, according to the construction research specialist Leading Edge.
Travis Perkins was the most searched for company in 2014, a new analysis by Creditsafe has revealed.
A shortage of bricklayers must be addressed by an increase in the number of construction apprenticeships, according to the Federation of Master Builders (FMB).
The number of contracts for new homes increased for the sixth consecutive month in October and is at the highest level since 2008, according to figures released last week (20 November) by Barbour ABI.
Construction activity grew in Q3, making it the sixth consecutive rise in activity, according to the latest Construction Trade Survey.
The London and South East are facing a major skills crisis, according to a new report by London Chamber of Commerce and Industry (LCCI) and KPMG.
Andy Sagar from Close Brothers Asset Finance.
Growth in business revenue has surpassed expectations for construction businesses operating in the small and medium-sized (SME) sector, according to new research.
The level of construction contracts awarded increased in September to the value of £5.6bn – the highest since January – according to new figures from Barbour ABI’s latest Economic & Construction Market Review, released last week.
UK sales of construction products have increased in the third quarter of 2014, according to the most recent State of Trade Survey from the Construction Products Association (CPA).
Research from Uponor shows 90% of heating and plumbing installers are enthusiastic about the year head.
The UK public’s attitude towards their homes and energy saving has been revealed by the Energy Saving Trust (EST), in the first of a series of public opinion trackers known as UK Pulse.
The UK has seen its steepest rise in residential building activity since November 2003, according to July data from the latest Markit/CIPS UK Construction Purchasing Managers’ Index (PMI).
Kingfisher, the home improvement retailer, has unveiled the second instalment of its European Home Report, two years on since the first: a survey of 17,000 householders’ attitudes to home improvement, covering nine European countries.
According to research from recruiter Randstad, June is the best month for employers to try and fill professional level vacancies in construction & engineering.
More than £769m has been invested in construction contracts to get Glasgow in shape for this year’s summer of sport, with more projects still in the pipeline, new data from Barbour ABI has revealed.
Figures released on 17 July show the total value of new construction contracts fell in June to £5.2 billion, a decrease of 0.7% compared to May.
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