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Fri May 17 2024

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BCIS releases five-year forecasts

26 Mar UK building costs are being forecast to rise by 15% between 2024 and 2029..

Construction tender price inflation at 2.9%

22 Mar Annual growth in construction tender prices continues to ease.

Pothole plague reaches new peak

19 Mar More than half of the local road network in England and Wales could fail in the next 15 years as the amount needed to fix the backlog of repairs reaches a record high of £16.3bn.

House-building cost inflation steady at 1.7%

19 Mar Latest report from the Building Cost Information Service (BCIS) shows no change in annual house-building cost inflation.

Planning permissions for new homes reach new low

14 Mar The number of planning approvals for new house-building sites reached its lowest on record in 2023, builders report.

Turner & Townsend sees rays of sun through the clouds

14 Mar Quantity surveyor Turner & Townsend is urging its clients to start planning for an upturn in construction activity, while also revising up its inflation forecasts for the UK industry.

Construction returns to growth in January

13 Mar Britain is continuing to build less and fix more, according to official statistics.

Scotland’s tender prices increased 1% in first quarter

12 Mar Building tender prices in Scotland rose by 1.0% in the first quarter of 2024, according to the Building Cost Information Service (BCIS).

Merchant sales volumes down nearly 14% in 2023

7 Mar Sales volumes of materials through British builders’ merchants were down by 13.7% in 2023 compared to 2022.

House-building turnaround sees PMI stabilise

6 Mar The monthly survey of construction purchasing managers suggests reasons for optimism.

Competition gets tighter in the capital

4 Mar London’s construction market is becoming increasingly competitive as firms look to fill their order books in light of challenging market conditions, according to new research from Aecom.

Construction wages in decline as differentials diminish

23 Feb Construction site wages were down by an average of 0.7% in the last quarter of 2023, according to the Building Cost Information Service (BICS).

Architects’ survey in longest downward spiral

23 Feb Every month for the past 15 years the Royal Institute of British Architects has asked its members how things are going – and things have not been great for a while now.

Build inflation forecast to stay above 3% this year

20 Feb UK construction costs a predicted to rise by up to 3.8% in 2024.

Planning applications surged ahead of price rise

15 Feb Large developers made a last-minute dash to make planning applications ahead of the 6th December fee increase, according to Planning Portal data.

Output falls for third month on the trot

15 Feb UK construction output fell in each of the last three months of 2023 according to latest official estimates.

Demand for building products still declining

12 Feb Sales of heavy building materials have now been in decline for six consecutive quarters and are expected to keep falling for at least another year.

Builders report slowdown in enquiries

8 Feb The Federation of Master Builders reports that 47% of members saw a fall in enquiries in the fourth quarter of 2023.

NHBC registrations slump 44%

7 Feb The National House Building Council (NHBC) reports a massive 44% drop in new homes being registered in 2023 compared with 2022.

Construction downturn hits mineral product sales

6 Feb Latest sales figures from the Mineral Products Association (MPA) show a second consecutive annual drop in sales volumes of heavy-side building materials in Great Britain.

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