Construction Orders Increase At Fastest Rate Since 1997

May PMI data indicated that the UK construction sector remained on a strong recovery path, as output growth reaching its strongest since September 2014. New order volumes increased at the fastest pace since the survey began just over 24 years ago. Input cost inflation was also at a survey-record high during May, reflecting a surge in demand for construction materials and severe supply shortages. Read more on the pbctoday website.

UK construction orders increase at fastest rate since 1997 (pbctoday.co.uk)

Housing Construction Output Remains At Half 2019 Levels

 Public housebuilding – which does not include housing associations – is worse affected than the private sector, the Office for National Statistics (ONS) has said, while repairs and maintenance construction is also well down on last year. The value of private new build housing construction work over the three months to June 2020 was 52.6% lower than in the same period last year, a record decrease since the ONS began publishing the data in January 2010. For the public sector, the drop was 56.9% – again a record fall. However, the value of private sector housebuilding in June soared a record 42.3% to £1.83bn on the previous month. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/news/housing-construction-output-remains-at-half-2019-levels-despite-june-surge-67482?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60

Construction Output Begins To Rise After Dramatic Plunge

Construction output grew by 8.2% in May following the record decline of 40.2% in April 2020, according to the latest Office for National Statistics (ONS) report. Output fell by a record 29.8% in the three months to May 2020, compared with the previous three-month period. This was driven by record falls of 30.3% in new work and 28.9% in repair and maintenance. The decrease in new work (30.3%) in the three months to May was thanks to record falls in most of the new work sectors – private new housing and private commercial were the largest contributors, falling by 42.5% and 29.5% respectively. Read more on the pbcToday website.

https://www.pbctoday.co.uk/news/planning-construction-news/construction-output-may/79221/

Construction Output Expected To Plummet By 25% In 2020

Total construction output in the UK is anticipated to plummet by 25% during 2020, according to the Construction Products Association (CPA). The projected decline in construction output is one of three scenarios examined by the CPA. Even under the most optimistic of scenarios, the country’s construction activity would suffer its sharpest fall ever recorded. The temporary halt of construction work as a result of Covid-19 social distancing measures is the main source of the drop, with 60% of planned construction output lost in April due to the measures. Read more on the PBC Today website.

https://www.pbctoday.co.uk/news/planning-construction-news/construction-output-2020/76674/

Construction Figures “Disappointing”

New figures from the Office for National Statistics show that construction output dropped by 1.7 per cent in February this year, the largest fall in monthly growth since October 2019. The ONS says that this may be because of the weather in February, which was the wettest seen since records began in 1862. Poor figures were seen in private housing new work, too, which fell 7.7 per cent on January’s figures, which is the second-largest fall in monthly growth in a decade – with only January 2018 being worse, at 8 per cent. Read more on the Mortgage Strategy website.

https://www.mortgagestrategy.co.uk/news/pre-coronavirus-construction-figures-disappointing/

Total Residential Construction Output Increased By 5% In 2018

Preliminary data indicates that total residential output increased by 5% in 2018 to £74.2bn, according to the latest Construction and Housing Forecast Bulletin from AMA Research. This was underpinned by 8% increase in new work but with residential RMI remaining static at £30bn. Whilst both housing starts and completions have remained positive in 2018, the research reveals some evidence of a slowing of the growth rates for both starts and completions into H1 2019. In addition, the rate of annual house price growth has also slowed in Q1 2019. Read more on 24housing.

https://www.24housing.co.uk/news/total-residential-construction-output-increased-by-5-in-2018/