Lancaster Maloney Martin Ltd’s Post

With the latest GDP figures out they show solid construction growth. It’s pleasing to see growth within the construction sector and its contribution towards stronger economic numbers. However, we know that there are still many challenges facing construction – from planning through to procurement, and from having an established pipeline through to bringing enough skilled people into the industry. The new Government is making all of the right noises about getting Britain building and we, as an industry, are ready to be a partner in delivering on its ambitions for growth. Build UK Department for Business and Trade HM Treasury #construction #growth #infrastructure #housing #planning #procurement #pipeline #skills 

The UK construction industry has demonstrated a positive turn in Q3 2024. After three consecutive quarters of decline, the sector witnessed a growth of 0.8%, driving quarterly GDP growth. 🏗️ New work outpaced repair and maintenance work for the first time since Q4 2022, increasing by 2.0%, particularly driven by infrastructure projects. 🛠️ Overall repair and maintenance decreased for the first time since Q3 2021. The decline was primarily due to a drop in private housing repairs. 📈 Despite the quarterly growth, the sector remains 0.4% below the same period in 2023. This uptick in construction activity is a promising sign for the industry. However, challenges such as labour shortages, material cost pressures, and economic uncertainty persist. It's crucial to monitor the sector closely to assess the sustainability of this recovery. #construction #ukeconomy #constructionindustry #economicoutlook

🚧 UK Construction Sector Finance Update 🚧 The UK construction industry is navigating a period of modest growth and strategic investments. 1. The construction sector saw a slight increase in output, driven by a 0.4% rise in repair and maintenance activities. This growth, although modest, indicates resilience in the sector. 2. The UK government has announced an additional £3 billion in housing guarantee schemes aimed at supporting SME house builders and the Build-to-Rent (BTR) sector. This initiative is expected to facilitate the delivery of over 20,000 new homes. 3. Construction costs have risen by approximately 15-20% since 2020, primarily due to increased prices of materials like steel, timber, and cement. These cost pressures are compounded by supply chain disruptions and geopolitical tensions. Despite these challenges, the sector remains optimistic about future growth, supported by strategic investments and government initiatives. Let's continue building a resilient and sustainable future! #Construction #Finance #EconomicGrowth

Improving economic conditions and gradually falling interest rates have buoyed sentiment for the UK construction industry. In our latest survey, just 16% of respondents anticipate fewer tender opportunities in 2025 than in 2024, while 38% forecast an increase. However, longstanding challenges - investor confidence, insolvencies and skills shortages - weigh on hopes of delivery. Only 12% of our 4Q 2024 survey respondents expressed confidence that pledges such as building 1.5 million homes and infrastructure projects will be delivered in the planned timescales. Additionally, insolvencies and supply chain capacity remain critical challenges. Over half of survey respondents were surprised by the collapse of ISG, and nearly six in ten expect further Tier One contractor failures within the next 12 months. Our new UK construction report reflects on 2024 and looks at conditions for 2025, answering questions such as:   ◾ Will the Autumn Budget drive greater investment in the UK property market?  ◾ What is the outlook for labour and skills shortages?  ◾ How might Trump’s second term impact UK construction and real estate?  ◾ Where are the key opportunities emerging in the sector? Read our latest report for a comprehensive analysis of the trends shaping the UK construction landscape: https://lnkd.in/eqa9dfrZ #UKconstruction #Construction

Construction industry grows for the first time in 7 months! 📈 The construction industry has shifted from contraction to growth with the S&P Global UK Construction PMI lifting from 49.7 in February to 50.2 in March. The increase highlights strength in the UK economy's recovery. Want to read more 👉 #constructionnews #construction #constructiongrowth #constructionrecruitment

UK construction sector records fastest growth in two years. Britain's construction sector recorded its biggest rise in activity in two years last month, including the first rise in house-building since just after former Prime Minister Liz Truss' mini-budget, a survey showed today. Read more: https://lnkd.in/gwjGnD7Q #Construction #ConstructionSector #ConstructionNews

Construction Market Intelligence | Yorkshire & Humber Q3 2024 Major developments are driving demand in the Yorkshire & Humber construction market across a range of sectors, underpinning confidence in the region’s medium to long-term outlook, according to Construction Market Intelligence, RLB’s update on construction activity around the UK incorporating our quarterly tender price forecast. In the newly published Q3 2024 edition, we report that the region’s confidence is being tempered by budget constraints across the public sector and the lack of clarity over the new government’s spending priorities. Labour shortages have continued to add pressure to wage inflation and construction costs, affecting project viability. Read the full report’s key findings and analysis here: https://lnkd.in/dv52kTym #RLB #ConstructionMarketIntelligence #TenderPriceForecast #PriceInflation #Construction #Cost #YorkshireandHumber 

The UK construction sector has seen a 16% rise in new orders, marking the fastest growth in 26 months. Overall output increased by 1% in Q3, thanks to a surge in orders. While November showed a slight dip, the government’s £100 billion investment in infrastructure, including funding for schools and affordable homes, is set to support continued growth. With inflation down and interest rates cut, the outlook is positive, but innovation, especially through digital tech and modern construction methods, will be key to staying resilient in uncertain times. What’s your take on the current trends in the industry? #ConstructionIndustry #ConstructionGrowth #UKConstruction

An air of cautious optimism surrounds the construction industry as economic headwinds ease and a new government takes charge. Our new UK construction report examines whether the industry is at an inflection point, answering questions such as: • How are tender opportunities holding up?  • Are labour rates and supply issues increasing? • Where are opportunities emerging at public, private and regional sector levels? Read our latest report for a comprehensive overview of the topics that matter to UK construction here:  https://lnkd.in/epyWqcXr #gleedsdigital #UKconstruction #constructioninsights