Construction Job Board’s Post

📈 Canadian Construction Industry Outlook: 2025-2028 🏗️ The Canadian construction industry is projected to grow 2% annually from 2025 to 2028, with significant growth expected in residential housing. This expansion is driven by the government’s commitment to addressing the housing deficit by constructing new affordable homes by 2030. This growth presents exciting opportunities for innovation and development within the sector, as we work towards creating more accessible and sustainable housing solutions. 🔗 Dive into the details of this projection here: https://bit.ly/3XqYTw1 #ConstructionGrowth #ResidentialHousing #AffordableHousing #IndustryTrends #PGCM

Ireland's Housing for All plan adopts Modern Methods of Construction (MMC), where the benefits can include a more sustainable built environment and a faster timeframe for producing high-quality homes. For a comprehensive analysis, read the full article: https://lnkd.in/e4DDn7Kn #MMC #Housingforall

Australia's residential sector currently faces multiple headwinds – key among them are unviable projects that don't stack up financially, dwindling confidence among builders, and an acute shortage of labour which has kept construction costs high. As we look to the future, it is clear that a comprehensive approach to residential development in Australia is necessary — one that acknowledges the cyclical nature of the market and prioritizes innovative thinking and sustainable development practices. Read more: https://lnkd.in/gRvbQzKB #CRE #Australia #HousingAffordability

Market Update: Construction Sector Outlook in Australia A new home-building boom is expected, peaking at 254,000 housing starts by 2027. This marks a return to pre-pandemic activity levels, reducing risks and stabilizing supply chains. For property investors, this means increased opportunities and enhanced market confidence. 📈💼 For more insights, check out this article by Michael Bleby from the Australian Financial Review https://lnkd.in/gcr6xBRN From my perspective, this resurgence in the construction sector provides a solid foundation for long-term investment strategies. The reduced risks and stabilized supply chains offer a favorable environment for property investment, promising higher returns and diversified portfolios. #PropertyInvestment #ConstructionBoom #MarketUpdate #AustraliaRealEstate #InvestorConfidence

The government is supporting the development of modular housing and off-site construction methods to increase efficiency and reduce building costs. By combining financial support, policy changes, and skills development, the government aims to create a favourable environment for the growth of modular housing and off-site construction in the UK. This will hopefully contribute to increasing housing supply, reducing costs, and improving the quality and sustainability of new homes. #ModularHousing #OffSiteConstruction #Innovation #HousingTechnology

The Government recently made some changes to the planning system with the aim of increasing the number of new houses being built. Despite these efforts, the latest figures indicate significant challenges ahead. Data from the Energy Performance Certificate (EPC) reveals that 229,700 new homes were completed in the twelve months leading up to June 2024. This number has remained relatively unchanged at around 230,000 since the end of 2023. The overall trend in residential development is not promising. According to the ONS construction output measure, there was a decrease of more than 15% compared to 2019’s level in May 2024. Additionally, the number of new housing starts is dropping at a concerning rate. The National House-Building Council (NHBC) reports that annualised starts have fallen by 55% from Q2 2023 to Q2 2024. Learn more:

#insolvencies #levels #Australia #building #construction #historicalhighs Insolvencies in the building and construction sector are already level with pre-Covid-19 calendar year totals, and numbers are set to exceed historical highs. https://lnkd.in/ggWXSZKA

🏗️ The Evolving Landscape of Australia's Construction and Property Market 🏘️ The Australian construction and property sectors are experiencing profound transformation. From the growing emphasis on sustainable development to the pressing need for affordable housing, the industry is navigating a period of both challenge and opportunity. As we contend with ongoing supply chain disruptions, rising material costs, and labour shortages, the demand for innovation and adaptability has never been more critical. Those who embrace advanced technologies and collaborative approaches are positioned to lead the way forward. 1. Sustainability is no longer a choice but a necessity, with increasing focus on net-zero buildings, energy efficiency, and the use of eco-friendly materials. 2. Modular construction and prefabrication are offering solutions to improve efficiency, reduce costs, and address project delays. 3. Data-driven decision-making is revolutionizing project management and asset oversight, enhancing operational efficiency and mitigating risk. While the path ahead remains complex, the industry’s commitment to innovation, sustainable practices, and resilience will shape the future of construction and property development in Australia. What do you see as the most significant drivers of change in the current market? I welcome your thoughts and insights. #ConstructionTrends #PropertyDevelopment #SustainableBuilding #AustralianPropertyMarket #InnovationInConstruction

Higher interest rates, inflation and construction costs are expected to challenge Australia’s construction industry in 2024. Hear from our Associate Director for Construction Economics Tiffany Emmett, as the keynote speaker at Property Council of Australia’s Cost of Construction event in Canberra, covering: 👉 The drivers behind the construction cost increases 👉 Issues around larger infrastructure projects impacting labour 👉 The economic outlook over the next 12 months 👉 How the industry and government can address these issues Find out more and register: https://bit.ly/3xzwhY5 #Australia #construction #PropertyCouncilofAustralia

Embracing Offsite Construction: A Solution to Ontario's Housing Shortage? With Canada needing 5.8 million new homes by 2031, offsite construction—where homes are manufactured in factories and assembled on-site—offers a promising solution. In Sweden, this method accounts for 84% of residential construction, showcasing its efficiency. Adopting similar practices in Ontario could accelerate homebuilding and address the current housing crisis. Click the link for more information: https://lnkd.in/gxCk8Fpm