The construction industry has entered its third year of growth as the recovery shows no signs of slowing down.
According to the Construction Products Association’s latest Construction Trade Survey, skills shortages and rising wages are the only major clouds on the horizon. The survey showed construction firms reporting their ninth consecutive quarter of growth.
Dr Noble Francis, Economics Director at the Construction Products Association, said:
“Firms across the whole construction supply chain, including building contractors, SMEs, specialist contractors, civil engineers and product manufacturers all reported rises in output during Q2.
“Continuing the trend since recovery emerged in mid-2013, growth in output was led by the private housing sector, in which 43% of firms, on balance, reported a rise in output.
“Increased output was also reported in private commercial, the largest construction sector, where 18% of firms, on balance, reported rising volumes of offices and retail work. Continue reading
The Government have recently released their latest update of the £127 billion construction pipeline, rising in value by 10 per cent over the last six months, according to the latest official figures.
Barbour API, the construction intelligence specialists, provided the pipeline which is designed to help businesses prepare for planned government-spending streams
Projects on the list include HS2, an £11 billion nuclear waste management facility and over £12 billion on education construction across the UK.
Simon Mahoney, Managing Director of Barbour ABI stated:
“The Government is construction’s single largest client, providing over 40% of annual spend in the UK, therefore it’s imperative that this publicly funded money is accessible and outlined clearly, allowing businesses to plan around the many thousands of projects within the construction pipeline. Here at Barbour ABI, we collect and collate the pipeline on behalf of the Government, helping to keep the industry up to date with the many developments.” Continue reading
According to a report published by the Construction Products Association, construction output is forecast to grow 4.7% in 2014 and a further 4.8% in 2015, providing an additional £11 billion of activity to the UK economy in just two years.
The primary driver of growth in construction during 2013 was the £17.1 billion private housing sector. It is also the sector that has received the most effective intervention from policy makers. The direct impact of Help to Buy part one has been muted but the indirect impact on the housing market has been considerable.
Effective demand rose, through rises in mortgage lending, and private starts in Britain rose by 21.0% in 2013. Further growth of 18.0% in private starts is anticipated in 2014 with 10.0% growth in 2015 before post-election uncertainty regarding the future of Help to Buy Part One is reflected in more subdued growth.
Key Points Include:
- Construction output to grow 4.7% in 2014 and 4.8% in 2015
- Private housing starts to rise 18.0% in 2014 and 10.0% in 2015
- Commercial offices output to grow 10.0% in 2014 and 8.0% in 2015
- Industrial warehouses construction to rise 20.0% in 2014 and 10.0% in 2015
- Education construction to rise 2.2% in 2014 after three years of consecutive falls
- Health construction to fall, the sixth consecutive year of falls, due to lack of PFI work
Visqueen Building Products are proud to confirm their forthcoming attendance to the 2014 Brick Awards, hosted by The Brick Development Association which represents the United Kingdom and Ireland’s clay brick and paver manufacturers.
The Awards ceremony will be held on Wednesday 12th November at the Marriott Hotel, Grosvenor Square, London.
The annual Brick Awards is one of the longest established and most widely respected design awards in the UK, now in its 28th year.
The Awards ceremony will recognise excellence in design and construction using brick. Architects, Designers, Owners, Developers, House Builders and Specialist Contractors will be in the running for 17 prestigious trophies and more than 100 certificates will be issued to the successful projects.
The ceremony will also acknowledge the architects/ designers, brick manufacturers on each project. Visqueen Building Products will be hosting a table at the awards ceremony and will be joined by a selection of their long-standing customers.