Growth in the construction industry could be held back by
a weakening housing market, rising costs and an increasingly nervous banking
sector. The Federation of Master Builders latest State of Trade Survey showed
that workloads for construction SMEs grew in Q4 2018. Despite this, there are
“serious concerns” about the mounting problems facing small building firms,
including:
• 42% of builders have detected signs of a weakening
housing market
• One in five construction SMEs have had projects stalled in the past three months
• One in five construction SMEs have had projects stalled in the past three months
• Carpenters overtake bricklayers as the trade in
shortest supply
• 87% of builders anticipate that material prices will
rise further in the next six months
• Two-thirds (66%) of construction SMEs expect wages and
salaries to increase over the next six months
Read more on 24housing.
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