Construction sector boosted by house building

web_builders-working-on-roof_istock-823328086_1600x800.png

The Project Management Institute’s survey data, compiled by IHS Markit, showed a rebound in UK construction activity during December. The sector’s recovery has been boosted by a return to projects that had been delayed at the start of the pandemic, primarily house building (which saw a sharp rise during December) alongside new business wins and improving client demand.

December data indicated a return to jobs growth in the construction sector too with the hiring of staff reflecting the planned new projects and confidence of the industry. However, the increase in activity stretched supply chains and delays at UK ports resulted in longer delivery times. Some construction companies also noted their efforts to buy ahead of time due to concerns about longer lead times among suppliers. Purchasing prices increased at the steepest pace for just under two years, reflecting supply shortages and strong demand - respondents cited rising prices for timber and steel.

Optimism was palpable, as 50% of the survey respondents forecast a rise in business activity over the course of 2021, while only 10% anticipate a decline. Tim Moore, Economics Director at IHS Markit commented: "December data illustrated a positive end to the year for the UK construction sector, mostly fuelled by a sharp rebound in house building. Construction companies are hopeful that higher demand will broaden out beyond residential projects in the next 12 months, led by infrastructure spending and a potential rebound in new commercial work from the depressed levels seen during the pandemic. Transport delays and a lack of stock among suppliers were the main difficulties reported by UK construction firms at the end of 2020, which contributed to the fastest rise in purchasing prices for nearly two years."

Read full press release | http://ow.ly/xCu850D7oE4

Image credit | iStock

 

Jobs

Permanent, Full Time

Building Surveyor

£34,405 - £37,432 yearly
Worcestershire County Council
Worcester, UK
Job Title: Building SurveyorSalary: £34,405 - £37,432  per annumHours: 35 hoursLocation: Worc...

Permanent, Full Time

Construction Manager

Wood
Scotland, UK
Construction Manager – Central Scotland Based Wood Process & Energy are seeking expressions of ...

Permanent, Full Time

Senior/ Building Control Officer

£25,927 - £43,570 yearly
Tendring District Council
Clacton-on-Sea, UK
Senior/ Building Control Officer Post No: 10001220 Salary: £25,927 - £43,570 per annum (Grade ...

Permanent, Full Time

Building Control Manager

£44,624 - £47,665 yearly
Tendring District Council
Clacton-on-Sea, UK
Building Control Manager Post No: 10001424 Salary: £44,624 - 47,665 per annum (Grade 11) Hours: ...