The Construction Products Association has upgraded its forecasts in the wake of housing demand, with total output expected to grow by 17 per cent between 2013 and 2017.
While the revised figure is encouraging, any growth will come from a low base and some sectors will struggle to make up what was lost in the downturn.
Construction output is expected to remain in negative territory this year, but 2014 is poised to mark a return to growth, with the association predicting a 2.2 per cent uplift.
Growth is then forecast to continue at a rate of 4.5 per cent in 2015, when the industry will be worth more than £100bn for the first time since 2011, followed by a 5 per cent rise in 2016 and 4.7 per cent in 2017.
“It is growth, and it is new-work driven,” says Construction Products Association economics director Noble Francis.
For more data, including value of output by sector and change in private housing starts, read the full story here.