Buildings sector shows positive start to year

The buildings sector of the construction industry showed a strong start to the year, with the value of non-residential project starts on site in the three months to February being 13% ahead of the same period a year earlier, according to the Glenigan Index for February 2017. There was also a marked improvement in the social-housing sector, with the value of projects starts being 17% higher than a year earlier. In contrast, private residential starts were down by 8%.

The surge in non-residential projects is seen by Glenigan as suggesting that investor confidence is recovering from the heightened uncertainty seen in the immediate aftermath of the EU referendum vote.

The industrial, office and hotel and leisure sectors all saw a marked improvement in the value of underlying project starts during the three months to February.

In addition, non-residential starts were boosted by increases in health and community amenity work.

Related links:
Related articles:



modbs tv logo

Thirteen boosts FM services with BigChange mobile tech

The North East’s largest housing association, Thirteen is transforming its facilities management (FM) services with new mobile workforce management technology supplied by Leeds-based BigChange. 

Schneider Electric and Sustainable Ventures Announce Net Zero Home Programme Finalists

Schneider Electric and Sustainable Ventures have named the finalists of their Net Zero Home Programme. 

Calendar