Non-residential growth balances construction slowdown
Posted: Tuesday, December 10th, 2024
Glenigan, a construction industry insight expert, released the December 2024 edition of its Construction Index. The Index focuses on the three months to the end of November 2024, covering all underlying projects with a total value of £100m or less (unless otherwise indicated, with all figures seasonally adjusted). The report provides a detailed and comprehensive analysis of year-on-year construction data, giving built environment professionals a unique insight into sector performance over the past 12 months. The December Index shows construction activity avoiding a slide back into decline, with the project holding steady in the three months to the end of November. This gradual rebound reflects the findings of Glenigan’s autumn Forecast, which registered a modest performance dip in 2024 before a return to double-digit growth next year. The overall value of the residential project started to weaken during the Index period, falling 1% against the preceding quarter and 6% lower than the previous year. Private housing stumbled on its strong performance in recent iterations of the Index, with work starting on-site declining 3% compared to the preceding three months and 1% on 2023 levels. Social housing starts bucked the trend, increasing by 4% in the preceding three-month period. However, it performed poorly compared to the previous year, slipping back 20%.
Trending Stories
-
Essex electrician has roundabout signs rejected
A sparkie’s bid to sponsor signs on two roundabouts has been refused by planning chiefs who described them as “clutter”
-
Barbie caused a ‘worldwide’ shortage of pink paint
Barbie needed so much fluorescent pink paint that it caused a worldwide supply shortage for an entire company
-
Builders find body of man murdered in the 1960s and buried in back garden
A woman who bought a South London house was left horrified after builders discovered the body of a man murdered in the 1960s and buried in her garden 14 months after she moved in
-
'Government insulation scheme ruined my home'
A home-owner said his flat has been ruined by black mould caused by a government "green" insulation schem
-
Builder celebrates lottery win by buying his coworkers bacon butties
A builder from Milford Haven who won big on the lottery celebrated his victory by treating all his workmates to a round of bacon rolls
Comments
Add a comment