Newlands Group’s Post

📈 Construction output grows ‘four times faster than UK economy’ 📈 Construction output has grown in volume in November 2024, as new work and repair and maintenance increase, latest Office for National Statistics (ONS) data shows. by Miles Rebeiro https://lnkd.in/eywV_Knj

Very positive news for the UK Construction industry … Glenigan Construction Industry Forecast predicts boom from 2025. Alongside strengthened economic growth for the UK, the Glenigan Construction Industry Forecast 2025-2026 predicts a growth of 8% for construction in 2025 and 10% in 2026. #UKConstruction #ConstructionNews #Glenigan

After a challenging year, here are 5 predictions for the construction industry in 2025. What changes do you think we should expect in the UK this year? #constructionuk #buildingmaterials #buildingsupplies Simply Business

Glenigan | Powered by Hubexo’s Construction Industry Forecast 2025-2026 predicts strong growth in construction project starts. Key figures 💫 ✨ Growth Projections: Construction output is expected to rise by 2.5% in 2025 and 3.8% in 2026, marking a recovery from the challenges faced in 2024, which saw a 2.9% decline ✨ Private Housing: Private housing output is projected to grow significantly, with an 8% increase in 2025 and 7% in 2026, following a sharp 9% drop in 2024 Full details: https://bit.ly/49aaIfv #constructionnews #2025

UK construction rebound picks up pace but housebuilding slump persists Click the link below to read the full article ⬇ #housebuilding #businessnews #construction #businessnews

I read in an article over the weekend that construction costs were forecast to rise a further 40% over the next four years. Not enough labour, expensive materials and too many projects in the pipeline - the lion's share from the public sector - is to blame for this. In the last 12 months dwelling construction has met only two-thirds of the Federal Government's target of 240,000 homes per annum. Hutchinson Builders Chairman Scott Hutchinson stated that productivity was through the floor, and that "rising costs will mean less private work is done. No units will be built unless they are very expensive like $25,000 a square metre, which means nothing in lower price brackets”. To put that into context, $25,000 per square metre means a 100 sqm apartment costs $2.5 million. Not only will government not achieve their targets, but they are making the situation actively worse, by reducing construction sector productivity through re-regulating the workplace and removing the ABCC, drawing away labour from the private sector by improving pay and conditions on government projects without offsetting productivity improvements, and overheating the entire sector through poorly-designed and mismanaged public sector projects. The result is that housing will become less and less affordable. This is going to get a lot worse before it gets better.

🏚️ "Growth in UK Construction sector slows to six-month low as housebuilding drags" 🏚️ A slightly doom and gloom article below not telling the full story: 🔨 Yes the homebuilding market has shrunk, but commercial construction continues to be busy 🔨 There's been signs of recovery from the budget announcements 🔨 The sector is sensitive to weather - so likely an unfair judgement at present That's not to say that a slowing in recruiting at building in the sector shouldn't be taken seriously, I do predict bigger steps in the coming months. What are your thoughts? https://lnkd.in/eiDSTJZA James Andrews Recruitment Solutions Ltd #construction #constructionrecruitment

Despite rebounding strongly from a c.15% Covid-driven decline in 2020 and exceeding 2019’s activity levels in 2022 and 2023, the UK’s construction sector is forecast to see an overall real spend contraction of -2.1% in 2024 according to PwC UK’s latest Construction and Housebuilding Outlook.

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