Construction industry forecast

Article Abstract:

New construction orders rose in the first quarter of 1995 but there is a continued excess of capacity in all sectors. There is expected to be a modest rise in tender prices in 1995 and the cost of many basic building materials is continuing to increase. The City of London is well placed to attract developers and investors as thee is demand for good quality prime office space. Investment in Kent should be stimulated by the opening of the Channel Tunnel, and economic recovery in the South east should result in increased construction expenditure.

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Government action is best hope for builders and consultants

Article Abstract:

The construction industry in Britain is suffering a long and deep recession and recovery is not expected to occur quickly. Government intervention appears to be the only hope for some revitalisation of the industry. There are some prospects for new contracts and construction work in the health, leisure and retail sectors while regional development areas in the South-west and Midlands may offer some work. Building costs are unlikely to increase rapidly although there is uncertainty due to the devaluation of Sterling.

United Kingdom

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An end to boom-and-bust?: industry forecast: the steady, moderate growth in construction activity means the industry may escape the usual fluctuations

Article Abstract:

There should be a modest rise in construction new orders for 1994, although total new orders in the fourth quarter are expected to be 10-15% down. This is due to insufficient growth in private housing, industrial and commercial orders. Construction activity is expected to rise by about 2-3% a year during the next two to three years.

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