Construction sector activity returns to modest rate of growth in March: Renewed increases in housing and commercial activity as rate of job creation reaches 13-month high
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UK Construction Industry Sees Steady Growth for Sixth Consecutive Month The construction industry continues its revival with growth extending for the sixth month. The S&P Global UK Construction PMI recorded 53.6 for August, slightly down from July's 55.3, yet still firmly above the neutral 50 mark. This consistent expansion signals a strong foundation for future development and a positive outlook for the sector.
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Construction output growth slips to six-month low UK construction output has eased to a six-month low, as House building remains the weakest-performing part of the construction sector. Miles Rebeiro https://lnkd.in/eWdsrvgM
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Really good article from Construction Dive and Turner Construction Company Nonresidential construction price increases have thankfully cooled since the worst days of the COVID-19 pandemic, but 2024 may be tracking to finish with a bit of a bump. That’s the takeaway from the latest edition of the Turner Building Cost Index, a data set with an 80-year history, which rose 3.6% in the third quarter of 2024 compared to a year ago, according to a Dec. 5 news release from the New York City-based contractor. “Projects across various geographic regions are experiencing cost increases at higher rates than others due to localized robust construction activity in these markets as well as driven by numerous mega projects underway,” Attilio Rivetti, the vice president at Turner Construction who is responsible for compiling the index, said in a news release. Construction Spending – United States – October 2024 - https://lnkd.in/gwbvw528
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Nonresidential construction price increases have thankfully cooled since the worst days of the COVID-19 pandemic, but 2024 may be tracking to finish with a bit of a bump. That’s the takeaway from the latest edition of the Turner Building Cost Index, a data set with an 80-year history, which rose 3.6% in the third quarter of 2024 compared to a year ago, according to a Dec. 5 news release from the New York City-based contractor. “Projects across various geographic regions are experiencing cost increases at higher rates than others due to localized robust construction activity in these markets as well as driven by numerous mega projects underway,” Attilio Rivetti, the vice president at Turner Construction who is responsible for compiling the index, said in a news release.
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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
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Daniel Ouliaris, our CEO, knows first-hand of the genuine paradox in the Australian construction industry. On the one hand, there are headlines about major builders going into liquidation and continued high rates of stress and financial struggle for subcontractors and suppliers. And at the same time, there's a desperate demand for increased volume of residential construction to address the current housing crisis and growing numbers of people struggling to find a place to call home. Daniel dives into this in more detail and his view on the path forward, in this piece published by Build Australia. #FutureOfConstruction #ConstructionAustralia #ConstructionIndustry #ConstructionCrisis #PathForward #Leadership #NeoIntelligence
The Australian construction industry faces a paradox: while major builders struggle financially, there's a desperate demand for increased residential construction to address the housing crisis. Neo Intelligence
