Nicola Harris’ Post

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

The UK construction sector continues to navigate a complex landscape. While the overall output declined in Q2 2024, there are underlying trends pointing towards a potential upturn. ▪ Short-term pain, long-term gain: The sector is experiencing a temporary slowdown, but the pace of decline is easing. ▪ Repair and maintenance: This segment remains resilient and is driving growth. ▪ Public sector challenges: Budget constraints are impacting new project starts, but utility and infrastructure work are providing some stability. ▪ Commercial development: Facing headwinds due to higher costs and planning delays. ▪Residential market: A mixed picture, with smaller builders showing signs of improvement, while large developers focus on social housing. Looking Ahead, industry sentiment is improving, with expectations of higher output towards the end of the year. The potential easing of interest rates and stabilizing costs could further boost confidence. The construction sector is clearly undergoing a transformation. A focus on repair and maintenance, coupled with a potential uptick in new projects, could position the industry for a stronger second half of the year. However, addressing the ongoing challenges of labor shortages and material costs will be crucial for sustained growth. #construction #ukeconomy #constructionindustry #economicoutlook

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

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

🚀 Exciting Times Ahead for UK Construction! 🚀 It's an inspiring time for the UK construction sector! Glenigan's latest forecast reveals that despite some initial challenges, the industry is set to experience a significant boost post-2024 election. With a 7% project-start increase predicted in 2025 and another 6% in 2026, the future is looking bright. 🌟 The newly elected Labour government is already influencing the market positively, reducing political uncertainties and pushing for faster policy decisions. This is expected to lift investor confidence and consumer spending from the latter half of 2024. The critical Spending Review will soon set the stage for strengthened public sectors, particularly benefiting from H2 2025. Glenigan anticipates recovery, with growth across private housing, retail, and leisure sectors. 📈🏠 At Chandler Harris Recruitment, we're thrilled by these developments. We're dedicated to connecting top-tier talent with ambitious businesses across construction and related sectors. Whether you're a candidate aiming to elevate your career, or a business looking for exceptional talent, now is the perfect time to partner with us. Let's build the future together! 🌐🔗 What are your thoughts on this optimistic forecast? Share in the comments! 👇 #UKConstruction #EconomicGrowth #FutureOpportunities

The construction market in the UK is showing signs of recovery and growth in 2024. Recent reports indicate that the sector is poised for a notable improvement, driven by several factors including increased investments and major upcoming projects. The Royal Institution of Chartered Surveyors (RICS) reported a positive outlook in their Q1 2024 Construction Monitor, with a net balance of +24% of respondents anticipating a positive trend in construction activity over the next year. This is a significant improvement from previous quarters, indicating growing optimism within the industry (RICS). According to Glenigan, the UK construction industry is predicted to grow by 12% in 2024 and a further 3% in 2025. This forecast comes after a challenging period marked by economic slowdowns and high interest rates, which had previously stifled growth. The anticipated recovery is supported by an expected increase in project-starts and household spending, as well as business investments (Home of Construction News). Moreover, Currie & Brown's market outlook highlights that despite global economic pressures and uncertainties, adaptable companies focusing on sustainability and labor market shifts are well-positioned to capitalize on new opportunities in the sector (Currie Brown). Overall, while there are still challenges to navigate, the UK construction market is on a path to recovery with promising growth prospects for the near future. #construction #news #positve #recruitment

🚀 Exciting Times Ahead for UK Construction! 🚀 It's an inspiring time for the UK construction sector! Glenigan's latest forecast reveals that despite some initial challenges, the industry is set to experience a significant boost post-2024 election. With a 7% project-start increase predicted in 2025 and another 6% in 2026, the future is looking bright. 🌟 The newly elected Labour government is already influencing the market positively, reducing political uncertainties and pushing for faster policy decisions. This is expected to lift investor confidence and consumer spending from the latter half of 2024. The critical Spending Review will soon set the stage for strengthened public sectors, particularly benefiting from H2 2025. Glenigan anticipates recovery, with growth across private housing, retail, and leisure sectors. 📈🏠 At Chandler Harris Recruitment, we're thrilled by these developments. We're dedicated to connecting top-tier talent with ambitious businesses across construction and related sectors. Whether you're a candidate aiming to elevate your career, or a business looking for exceptional talent, now is the perfect time to partner with us. Let's build the future together! 🌐🔗 What are your thoughts on this optimistic forecast? Share in the comments! 👇 #UKConstruction #EconomicGrowth #FutureOpportunities

A much-needed boost might be on the way for the construction industry under our new Labour government. A new report from Glenigan, a leading industry intelligence firm, indicates that despite current challenges such as slow economic growth and high interest rates, the sector looks set to grow in the coming months and years. 🚀 Key Highlights: ☞ 7% Growth in 2025 and 6% in 2026 expected due to reduced political uncertainty. ☞ Faster policy decisions on construction projects anticipated, leading to improved performance. ☞ Economic strengthening expected to boost consumer spending and investor confidence by the end of 2024. ☞ Gradual easing of interest rates projected to enhance housing market activity from the second half of this year. ☞ Glenigan’s UK Construction Industry Forecast (2024-2026) indicates renewed growth in project starts by the latter half of 2024, signalling brighter days ahead for the industry. At IN-SYNC Group, we're excited about these positive developments and are ready to support construction businesses through these transformative times. By partnering with us, your construction business will flourish alongside the growth in the market. Just think of the possibilities! Read the full article from Construction Management on the link below: https://lnkd.in/echeGdfe #constructionnews

📈 Positive news for UK construction! 🏗️ The UK construction sector is on the up, with new orders increasing by 16.5% in Q2 of 2024! This growth is a welcome sign of renewed confidence in the industry, which has faced significant challenges in recent years. Adding to the optimism, the UK government has announced a bold £100 billion infrastructure investment plan for the coming years, including funding for education, housing, and other key sectors. With inflation stabilising at 2.3% and innovations like Modern Methods of Construction taking centre stage, the industry is on track for an exciting period of growth and transformation. It’s great to see positivity returning to the sector - here’s to more progress, resilience, and innovation ahead! 🚀 Read the full article here: https://lnkd.in/erCdjA73 #ConstructionNews #PositiveChange #UKConstruction

🚀 Exciting Times Ahead for UK Construction! 🚀 It's an inspiring time for the UK construction sector! Glenigan's latest forecast reveals that despite some initial challenges, the industry is set to experience a significant boost post-2024 election. With a 7% project-start increase predicted in 2025 and another 6% in 2026, the future is looking bright. 🌟 The newly elected Labour government is already influencing the market positively, reducing political uncertainties and pushing for faster policy decisions. This is expected to lift investor confidence and consumer spending from the latter half of 2024. The critical Spending Review will soon set the stage for strengthened public sectors, particularly benefiting from H2 2025. Glenigan anticipates recovery, with growth across private housing, retail, and leisure sectors. 📈🏠 At Chandler Harris Recruitment, we're thrilled by these developments. We're dedicated to connecting top-tier talent with ambitious businesses across construction and related sectors. Whether you're a candidate aiming to elevate your career, or a business looking for exceptional talent, now is the perfect time to partner with us. Let's build the future together! 🌐🔗 What are your thoughts on this optimistic forecast? Share in the comments! 👇 #UKConstruction #EconomicGrowth #FutureOpportunities