Wates has been appointed by Be First to build 334 new homes as part of an £874m regeneration of the Gascoigne Estate in the London Borough of Barking and Dagenham. This will be the third project Wates has undertaken for Be First in the area, having recently...
The Living Wall industry has launched a Best Practice Guide for designers, specifiers and architects to provide clarity on the latest National Building Regulations. On 1 June 2022 the government introduced a new framework to further strengthen and clarify building...
According to official figures from the Office of National Statistics, construction activity has overtaken its pre-pandemic level. Annual construction output increased by a record 12.7% in 2021 compared with 2020. Monthly construction output increased by 2% (£281m) in volume terms in December 2021. This is the second consecutive month of growth...
In normal circumstances the construction industry is a bellwether sector for the wider economy and it’s not difficult to work out why. When homes, offices, factories, and roads are being built, it’s the most visible sign of confidence in the economy because people are funding their construction for others who are willing to pay to live in them,...
The latest house price data published on GOV.UK by HM Land Registry (HMLR) for November 2021 show that average house prices in the UK increased by 10.0% in the year to November 2021, up from 9.8% in the year to October 2021. Figure 1: Annual house price rates of change for all dwellings, UK, January 2006 to November 2021 Because of the impact of...
Monthly construction output increased by 3.5% in volume terms in November 2021, which is the largest monthly rise seen in construction output growth since March 2021. Anecdotal evidence suggested the strong demand for work, in combination with supply chain bottlenecks for certain products easing and the unseasonal mild and dry weather were the...
Areas with the biggest house price growth of 2021 have seen the value of homes rise by three times the national average, according to the latest data from Halifax. Taunton in Somerset saw house prices grow by the fastest rate (21.8%) over the course of the last year, compared to an average of 6.2% nationwide. In cash terms prices in Taunton rose...
Construction output fell 1.8% in October 2021, representing the largest monthly decline since COVID-19 sent construction into chaos in April 2020. This fall means the level of construction output in October remained 2.8% below the February 2020, pre-coronavirus level. Unfortunately, new work also fell by 2.8% from September to October 2021....
The ONS have released the latest house price index, noting a rise in average house prices across the UK from £264,000 to £270,000. A new study has revealed where UK homebuyers will get the most value for their money, based on the number of bedrooms, bathrooms, square meterage, chances of a driveway and the type of house across the top 30 most...
The City of London Corporation has approved plans for a 24-storey office-led development on Houndsditch in the Eastern Cluster, the seventh tall building to be approved this year. The Planning and Transportation Committee backed Brockton Everlast’s scheme, designed by architects AHMM, which offers more than 56,500 sqm of office space as well as...
Monthly construction output grew 1.3% in volume terms in September 2021, compared with August 2021. This is the first monthly increase since June 2021 and the largest since March 2021, when output increased by 4.8%. New work and repair and maintenance both grew on the month, increasing by 1.3% and 1.2% respectively. Despite the monthly growth,...
All statistics are based on those surveyed and compare August 2021 to August 2020, with the exception of confidence; confidence is compared at the time of survey (October 2021) to the same time last year. OVERALL PERFORMANCE year-on-year Focusing on the trading month of August 2021, it is clear the material and labour shortages are continuing to...
Regeneration projects are popping up all over the country at the moment as local councils bid for the Governments Levelling Up Fund. Key successful bids this week include: Leicester’s railway station revamp, Birmingham’s Moseley Road Baths and Balsall Heath Library restoration, and Portsmouth International Port’s crucial terminal extension. On...
As the industry battles the ongoing supply chain issue and labour shortages, monthly construction output fell 0.2% in volume terms in August 2021, now with the level of output 1.5% below its pre-coronavirus pandemic February 2020 level. New work remained flat this month (0.0%) with repair and maintenance falling (0.6%) on the month. Anecdotal...
Profits seem to be returning to normal for the construction industry, as Lendlease’s profits rebound to £20m and it seems as though the supply chain is just about coping. Lendlease Construction (Europe) has delivered a strong rebound in profit this year to £20m – a huge increase from just £3.9m in 2020. This is due in part to its strong pipeline...
The latest payroll data from Hudson Contract shows that the average weekly earnings for self-employed tradespeople had increased to £929 per week during August 2021. Year on year, earnings increased by 5.9%. This increase has encouraged the cost of hiring labour to increase too, rising by 2.8% last month. In particular, labour costs in the East...
England house prices grew by 7.0% in the year to July 2021, down from 13.2% in June 2021. The North East was the fastest growing region with annual growth of 10.8% in the year to July 2021. The lowest annual growth was in London, where prices increased by 2.2% over the year to July 2021. On a non-seasonally adjusted basis, average house prices in...
The Government have published the results of the Bacon Review following a commission by the Prime Minister to set out a plan for a major scaling of self-commissioned housing across all tenures in England. Custom Build Homes (CBH) welcomes the Report by Richard Bacon MP for South Norfolk which has taken several months to prepare. If fully...
According to the Office for National Statistics (ONS), construction in the UK fell by 1.3% in June, and this was the largest monthly decline since December 2020 when output fell by 2.2%. The 1.3% (178M) fall recorded in June was due to a decline in repair and maintenance (4.2%) offset by a small increase in new work (0.5%). Construction output in...
The RICS construction and Infrastructure survey for Q2 2021 has confirmed that the supply chain is struggling under the huge pressure of keeping up with the increase in new housing and infrastructure across the UK. An increase in the private residential sector continued to lead in the construction market. 50% of respondents reported an increase...
All statistics are based on those surveyed and compare May 2021 to May 2020, with the exception of confidence; confidence is compared at the time of survey (July 2021) to the same time last year. The material shortage, perhaps unsurprisingly, continued to have a damaging effect on the industry. As a result of the ongoing lack of material...
The torrential rain throughout May has been blamed for a fall in construction output as businesses lost working days. Monthly construction output fell by 0.8% in May 2021 compared with April 2021, falling to £13,960 million, and this follows the 0.7% monthly decline in April 2021. Both of these declines in monthly growths come after an...
The bellwether IHS Markit/CIPS UK Construction PMI Total Activity Index hit 66.3 in June, up from 64.2 in May. This presenting the strongest rate of growth for 24 years (since 1997). Key findings included: a rapid rise in new business volumes during May, output growth accelerated to its strongest since September 2014, and cost inflation hit a...
House prices UK house prices increased by 8.9% in the year to April 2021, down from 9.9% in March 2021. On a non-seasonally adjusted basis, average house prices in the UK decreased by 1.9% between March and April 2021, compared with a decrease of 1.0% during the same period a year earlier (March and April 2020). The North East showed the...
Monthly construction output fell by 2.0% in April 2021 compared with March 2021, falling to £13,961 million, and was the first month-on-month fall since December 2020 when output fell by 2.2% according to the Office of National Statistics. This comes directly after a strong increase in March 2021, where output increased by 5.8%. The fall occurred...
After a rapid recovery in construction this year amid the slow easing of lockdown restrictions, the Construction Skills Network (CSN) has reported that by 2025 the sector will need to have recruited an additional 217,000 new workers just to meet the demand. According to the CSN, most English regions will experience an increase in construction...
The average costs for hiring tradespeople has risen by nearly 20% since the start of the lockdown a year ago, according to Hudson Contract. Hudson Contract is a payroll firm that manages the earnings of more than 30,000 construction workers, and also supplies more than 2,500 construction companies. All regions across England have seen...
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