Menu
19/04/2010
Private Housing Construction Stalls
The value of residential construction projects starting on site during the three months to March 2010 was 37% higher than the same period a year ago according to the latest Glenigan Index.
Project starts increased in the private and social housing sectors.
"Many projects stalled by the bad weather in January and February have now started. Housebuilder confidence has been boosted by rising house prices and property transactions seen since last summer.
"This recent improvement is encouraging and gradual strengthening in private residential construction is forecast for the coming months," according to Allan Wilen, Economics Director, Glenigan.
The value of non-residential construction project starts in the three months to March 2010 was only two per cent lower than the same period a year ago.
"An increase in retail, hotel and Olympic related projects has helped offset the continued weakness of the private industrial and commercial sectors and a recent slowing in public sector projects," said Mr Wilen.
Civil engineering project starts were down 44% on a year ago.
Regionally the Midlands and Yorkshire & the Humber have seen a rise in overall construction project starts, while the North West, South West and South East of England continued to record double digit falls compared to the first three months of 2009.
The rise in public sector project starts since April 2009 has begun to lose momentum and the impending general election will exacerbate the fall.
Mr Wilen added: "While private sector projects are forecast to improve over the course of 2010, Government cuts will further restrict the flow of public sector schemes over the medium term.
"Conditions in the industrial and commercial property markets have moved off the low point reached in the first half of 2009 and project starts in these sectors are forecast to gradually improve in the second half of the year."
(CD/BMcC)
Project starts increased in the private and social housing sectors.
"Many projects stalled by the bad weather in January and February have now started. Housebuilder confidence has been boosted by rising house prices and property transactions seen since last summer.
"This recent improvement is encouraging and gradual strengthening in private residential construction is forecast for the coming months," according to Allan Wilen, Economics Director, Glenigan.
The value of non-residential construction project starts in the three months to March 2010 was only two per cent lower than the same period a year ago.
"An increase in retail, hotel and Olympic related projects has helped offset the continued weakness of the private industrial and commercial sectors and a recent slowing in public sector projects," said Mr Wilen.
Civil engineering project starts were down 44% on a year ago.
Regionally the Midlands and Yorkshire & the Humber have seen a rise in overall construction project starts, while the North West, South West and South East of England continued to record double digit falls compared to the first three months of 2009.
The rise in public sector project starts since April 2009 has begun to lose momentum and the impending general election will exacerbate the fall.
Mr Wilen added: "While private sector projects are forecast to improve over the course of 2010, Government cuts will further restrict the flow of public sector schemes over the medium term.
"Conditions in the industrial and commercial property markets have moved off the low point reached in the first half of 2009 and project starts in these sectors are forecast to gradually improve in the second half of the year."
(CD/BMcC)
Related UK National News Stories
Click here for the latest headlines.
14 June 2010
Public Sector Slow-down Hits Construction
The value of construction projects starting on site in the three months to May 2010 fell back to below 2006 levels as fewer public sector project started on site following the General Election. The Glenigan Index for May was 10 per cent up on a year ago, but lower than the Index for March and April this year.
Public Sector Slow-down Hits Construction
The value of construction projects starting on site in the three months to May 2010 fell back to below 2006 levels as fewer public sector project started on site following the General Election. The Glenigan Index for May was 10 per cent up on a year ago, but lower than the Index for March and April this year.
20 September 2011
Construction Industry Returns To Growth
New data has shown that the construction industry has seen a 6% year on year increase in the underlying value of projects starting on site. Growth in utilities, industrial, office, private and social housing project starts all contributed to the first growth seen by the industry in a year.
Construction Industry Returns To Growth
New data has shown that the construction industry has seen a 6% year on year increase in the underlying value of projects starting on site. Growth in utilities, industrial, office, private and social housing project starts all contributed to the first growth seen by the industry in a year.
16 August 2011
House Construction 'New Starts' Boosted
Social housing and health construction projects starting on site increased in the three months to July as an increase in refurbishment and extension work outweighed the drop in new build work which followed last year's Comprehensive Spending Review started to materialise.
House Construction 'New Starts' Boosted
Social housing and health construction projects starting on site increased in the three months to July as an increase in refurbishment and extension work outweighed the drop in new build work which followed last year's Comprehensive Spending Review started to materialise.
10 December 2012
Gold Heist Gang Jailed
Six members of a gang that ran a million pound gold and silver bullion heist in Belgium were jailed for more than 23 years today on Friday 8 December 2012.
Gold Heist Gang Jailed
Six members of a gang that ran a million pound gold and silver bullion heist in Belgium were jailed for more than 23 years today on Friday 8 December 2012.
14 February 2013
Miliband Says Labour Govt Would Re-Introduce 'Mansion Tax'
Ed Miliband has announced that a Labour government would aim to reinstate the 10p starting rate of tax. Scrapped by Gordon Brown in 2008 Mr Miliband said it was a "very bad mistake" to get rid of it and the move would send a "clear signal" his party was on the "side of working people".
Miliband Says Labour Govt Would Re-Introduce 'Mansion Tax'
Ed Miliband has announced that a Labour government would aim to reinstate the 10p starting rate of tax. Scrapped by Gordon Brown in 2008 Mr Miliband said it was a "very bad mistake" to get rid of it and the move would send a "clear signal" his party was on the "side of working people".
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
