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The construction sector is forecast to see 8% growth in output in 2025 followed by a 10% increase in 2026, according to a new report. Glenigan's UK Construction Industry Forecast 2025-2026 revealed that this would translate to £74.3bn in the value of underlying project-starts in 2025, then £81.9bn in 2026. Glenigan claimed project starts are expected to strengthen as UK economic growth gathers pace and public investment is projected to rise in the second half of the forecast period. Find out more: https://lnkd.in/en4wvuPg

The construction industry is expected to see a boom over the next two years as the industry continues to stabilise, says market expert Glenigan.

The construction industry is expected to see a boom over the next two years as the industry continues to stabilise, says market expert Glenigan.

Glenigan’s UK Construction Industry Forecast 2025-2026 forecasts 8% growth in construction output in 2025 and 10% growth in 2026. https://lnkd.in/e92nsYeb

Another negative article on the construction sector. Whilst there are some challenges, there is cautious optimism for the sector's resilience and potential growth in 2025. #ukconstruction #construction #bdorealestate

Good times ahead ! Glenigan’s UK Construction Industry Forecast 2025-2026 forecasts 8% growth in construction output in 2025 and 10% growth in 2026.

Montenegro’s construction sector: Growth, challenges and future prospects https://lnkd.in/dYqsfEvS

This forecast for the construction industry in 2025 is promising, with analysts projecting a substantial uptick in construction starts. The anticipated growth is primarily fueled by factors such as declining interest rates, robust government investments, and a favorable economic landscape. Projections suggest a significant boost in residential building activities, with estimates pointing towards an 8% to 8.5% surge in total construction starts encompassing both residential and non-residential sectors. This positive trajectory indicates a flourishing landscape for the construction industry ahead.

How US Construction Left the World Behind The American building industry has thrived in recent years while growth has eluded contractors in many other countries. U.S. project starts jumped 6% through the first eight months of 2024 compared to the same period in 2023, according to Dodge Construction Network. While U.S. construction activity has remained strong, the same can’t be said for other major economies around the world. Here’s how other nations’ construction industries have performed recently: China: China’s construction sector remains sluggish, with declining demand due to a property market downturn and reduced infrastructure investment, according to Fastmarkets. Mounting government debt continues to burden the sector, leading to less new projects and investment, reports The Wall Street Journal. Germany: The construction sector in Europe’s largest economy contracted again in August due to a steep drop in housing and commercial projects, according to an S&P Global report. United Kingdom: The U.K.’s construction industry recently posted signs of recovery after a difficult start to 2024, said Tim Moore, economic director at S&P Global Market Intelligence, in a recent report. However, the collapse of construction giant ISG, one of the largest construction firms in the country, has raised concerns about the stability of the supply chain and smaller contractors. South Korea: Construction activity is currently undergoing a slump, reports The Korea Times. The slowdown has caused a sharp rise in unemployment claims among construction workers, largely due to an increasingly pessimistic outlook around construction activity. New Zealand: About two-thirds of builders report less demand for their services compared to the same time last year in New Zealand, according to a builder sentiment report from EBOSS. That’s largely due to rising interest rates, increased material costs and a weak overall economy, according to the report.

Leading Construction insights provider Glenigan | Powered by Hubexo, has released its November 2024 construction index, covering project activity up to October. This report offers an in-depth look at sector performance, highlighting trends in residential, non-residential, and regional project starts. The index shows stabilisation in project starts, with gains in residential and non-residential sectors, though civil engineering experienced a decline. Notable growth areas include Hotel & Leisure and industrial projects, with private housing also showing resilience. Get a comprehensive view of the UK construction landscape and what lies ahead for the industry. Read the full article to explore the data and insights in detail - https://lnkd.in/esecsFzB #constructionindustry #ukconstruction #sectorinsights #glenigan #projectstarts #constructionindex #industrytrends #residentialgrowth