Prison construction gets a boost whilst project starts remain low
According to the latest construction industry data, the amount of project starts is at a 10 year low. However, there are some industry bright spots: prison construction gets a boost, and the hotel construction pipeline looks strong. In this overview, we summarise the latest construction industry data from analysts at Barbour ABI and Glenigan. Prison […]
The impact of rising energy costs on the construction industry
The energy crisis has impacted the construction industry The impact of rising energy costs on the construction industry included eye-watering fuel prices that led to a spike in material costs. Ultimately resulting in many projects being postponed. On the plus side, the energy crisis has brought forward infrastructure projects and encouraged energy efficiency improvements. The […]
Industry Insights – Weak performance for most sectors
The construction industry starts the year slowly The latest construction industry insights show that there was a weak performance for most sectors over the last three months. According to Glenigan, there is a continued weakening in project start statistics… ‘31% decline in project starts against a year ago reflects investor caution in the face of […]
Construction industry predictions for 2023
Construction industry forecasts for 2023 Tom Hall, Chief Economist at Barbour ABI predicts slower later stage planning and construction activity, particularly in the commercially sensitive sectors as the economy slows. Likewise, Glenigan’s construction industry predictions for 2023 show that project starts will fall by 2%. Read on for the 2023 construction industry predictions from data […]
Industry Insights – January
New Records in 2022 The construction industry has proved it’s resilience over the last 12 months. Although sector activity was mixed, the industry overcame challenges and saw a record amount of contract awards and planning approvals. 2022 saw record levels – Barbour ABI’s view According to the Barbour ABI January Snap Analysis, the high […]
Our 2022 review and what’s in store for us in 2023
Reflecting on the year’s wins, challenges and recovery 2022 was a challenging year with industry-wide challenges that have tested the sector’s resilience. While Russia’s unprovoked invasion of Ukraine caused price rises and material shortages, contractors and clients have persevered, delivering projects to reinvigorate the economy. In spite of the challenges, 2022 was a year of […]
Industry insights for October and Q3 review
The latest analysis from industry commentators shows both peaks and troughs in activity. In this month’s industry insights, we review the planning applications, approvals, contract awards and project-starts. According to the latest construction industry data and economists, there were more contract awards than expected in Q3. The data also shows that despite recent economic turmoil, […]
Improving buildability through early design collaboration
Collaborating to improve buildability Constructability issues can arise from a design, which did not sufficiently embody the knowledge and expertise of the construction phase. Whereas, at the opposite end of the scale, close collaboration has the potential to lead to more efficient construction processes. Improving buildability through early design collaboration optimises construction projects. Close collaboration ensures […]
Rising construction costs suppress project-starts
The August Glenigan index highlights a downward trend across most sector verticals. Similar to the July Glenigan index, the construction industry recovery continues to be held back by several factors. This includes the Russia-Ukraine war and global materials shortages, which are contributing towards rising construction costs. The weaker economic outlook has continued to negatively affect […]