Sarah Dennis is data editor at Construction News.
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Top 20 housebuilders secure strong margins in buoyant marketVideoSubscription
With the residential sector driving construction’s recovery through most of last year, prospects for the next 12 months remain bright for the industry’s top housebuilders.
What next for retail?Subscription
The direction of retail construction is changing rapidly as requirements shift and online booms. So where next for the sector and what must contractors do to secure a slice of the action?
Despite a spate of administrations announced so far this year, the total number within the industry fell in the year to Q1 2014, though contractors remain concerned over their supply chain’s prospects.
Supply chain and material demand could mean housebuilders face a “brick ceiling” in the next few years after some of the fastest residential growth in the last decade, according to industry experts.
Construction output grows by 0.3 per cent in Q1Subscription
Construction output is estimated to have grown by 0.3 per cent in the first quarter of 2014 according to the latest GDP figures released by the Office for National Statistics.
Construction administrations in Q1 2014 were 18 per cent higher than the same time last year, according to the latest figures from the Department for Business, Innovation and Skills.
The significant growth in housing is unlikely to be sustained, while concerns over real wage rises remain, according to the latest forecasts from Hewes & Associates.
Housing has seen the largest alteration in the latest publication of Experian’s construction output forecasts, while optimism for a start on the main works at Hinkley Point C remains for 2014.
The latest forecasts from the Construction Products Association have been upgraded owing to more positivity over the private sector and the general strengthening of the economy.
As the economy continues to strengthen, so too does expectation for construction output growth this year, according to the latest round of published forecasts from the industry’s economists.