Monthly Email News for the Architectural Aluminium Industry

Housebuilding slump hits construction
May 2018

The value of new construction contracts fell by 6.8% last month to £4.9 billion, largely due to a 15.3% slump in housebuilding as well as a wavering infrastructure sector that has performed poorly so far in 2018, according to the latest Economic & Construction Market Review from Barbour ABI.

Across the rest of the construction industry, medical and health construction posted the highest monthly value for projects for more than two years, at £229 million. Hotel, leisure and sport construction saw an increase in contract value for the third month in a row. Commercial and retail and education both saw declines in contract values, down 10 and 9.3 per cent respectively. 

Regionally, London was the region with the largest share of contract awards value in April with 20.3% of the total, with three of the largest top ten projects across April. The capital was then followed by the East of England with 16% and the South East with 11.3%. 

Michael Dall, Lead Economist at Barbour ABI, said: “April is a reminder for the industry that when both infrastructure and in particular housebuilding falter, construction figures will by far and large decrease. Other sectors had more of a successful month, such as medical and health construction, however due to the scale and size of infrastructure and housing construction, it’s an overwhelming task for other segments of the industry to make up the sizable difference.”

<< Click here to return to Aluminium in architecture

Should you wish to advertise on Aluminium in Architecture
please contact ainazine@sky.com
or telephone 01923 461527, mobile 07977-981753.

www.aluminiuminarchitecture.co.uk

PRIVACY POLICY

RATECARD AND EDITORIAL
View the Ratecard: Click here
Editorial should be sent to: ainazine@sky.com