CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Housebuilding remains strong as infrastructure reaches a new low
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Housebuilding remains strong as infrastructure reaches a new low PDF Print E-mail
Friday, 25 August 2017
It was positive news for housebuilding across July, as construction contract values for the sector reached £2.5 billion.  However the same could not be said for the infrastructure sector as figures reached the lowest total for more than six years.  

The latest edition of the Economic & Construction Market Review from construction industry analysts Barbour ABI, highlights the levels of construction contract values awarded in July across all regions of Great Britain, which totalled £5.4 billion based on a three-month rolling average, still well below this year’s peak of £6.5 billion from March.

Looking across all the construction sectors in July, it was infrastructure that provided the biggest surprise, producing just £784 million worth of construction contract value, a 97 per cent annual decrease and its worst performing month for more than six years. Typically one big value infrastructure project is commissioned each month, which was absent in July.

Outside of January and February this year, housebuilding figures reached £2.5 billion for July - the highest value for any month since Barbour ABI began tracking the series six years ago. Furthermore, four of the top ten biggest construction contracts agreed this month came from housebuilding – including the Charter Square development in Staines, valued at £120 million.

It was a mixed July across other construction sectors, with industrial, hotel leisure & sport and medical & health all increasing contract value on June figures, whereas education and commercial & retail dipped, with the latter producing its lowest figures since the beginning of 2013.

Regionally, London and the South East led all regions, both with 14 per cent of the total construction contract value. Some of the larger projects in these areas includes the Oxford Technology Park worth £90 million and the Wandle Terrace redevelopment valued at £70 million.

Commenting on the figures, Michael Dall, Lead Economist at Barbour ABI, said: “Overall construction figures remained steady in July, thanks to the robustness of the housebuilding sector, producing another strong month. In reality, this picked up the slack for waning sectors such as infrastructure and commercial & retail that fail to make up lost ground.”

“Across July there were 925 construction projects commissioned but these did not fall consistently across the sectors, putting an ever increasing emphasis on housebuilding’s robust figures to make up for the lack of investment in other parts of construction.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197