CN Intelligence in partnership with Glenigan

28 MAY 2024 | BY CONTRIBUTOR

Weak construction-starts performance continued during the three months to April and the previous year, with main contract awards and detailed planning approvals also performing poorly against both periods. Averaging £7.211bn per month, work commencing on-site during the three months to April experienced a weak performance, decreasing 9 per cent against the preceding three months and remaining 21 per cent lower than a year ago. Major project-starts (£100m or more in value) averaging £2.392bn per month, decreased 21 per cent against the preceding three months and declined by 34 per cent compared with the previous year.

11 MARCH 2024 | BY CONTRIBUTOR

David Bain is research manager at NBS and Allan Wilen is economics director at Glenigan Recent years have seen a number of reports and initiatives advocating greater use of modern methods of construction (MMC) – but has this level of support resulted in more projects using this approach?

28 MAY 2024| BY CONTRIBUTOR

Project-starts, main contract awards and detailed planning approvals all fell against the previous quarter and last year. Totalling £10.083bn, residential work commencing on-site during the three months to April fell 12 per cent against the preceding three months to stand 16 per cent down on a year ago. Major starts (£100m or more in value), at £2.732bn, decreased 35 per cent against the preceding three months and were 11 per cent down compared with the previous year.

28 MAY 2024 | BY CONTRIBUTOR

Detailed planning approvals fell against the previous quarter and a year ago. More positively, growth in main contract awards on both the preceding three months and last year’s figures provided a boost to the development pipeline. Community & amenity work starting on site totalled £527m during the three months to April, 17 per cent down on the preceding three months, but an 87 per cent increase on the previous year. Major project-starts (£100m or more) totalled £116m, a 38 per cent decline on the previous quarter but higher than a year ago when no major projects started on site.

28 MAY 2024 | BY CONTRIBUTOR

Main contract awards and detailed planning approvals declined against both the previous quarter and last year. More positively, project starts grew on the preceding three months. Totalling £1.298bn, education work starting on site grew 2 per cent on the preceding three months to stand 7 per cent down on the previous year.

28 MAY 2024 | BY CONTRIBUTOR

Detailed planning approvals decreased against both last year and the previous three months. More positively, main contract awards grew on the preceding quarter while project starts increased on a year ago, providing a boost to the development pipeline. Adding up to £802m, underlying health work starting on site (less than £100m in value) during the three months to April fell 22 per cent against the preceding three months on a seasonally adjusted (SA) basis to stand 22 per cent up against the previous year.

28 MAY 2024 | BY CONTRIBUTOR

London experienced a poor period with project starts and detailed planning approvals decreasing against the previous quarter and last year. More positively, main contract awards grew on the preceding three months. Totalling £3.83bn, work starting in London during the three months to April fell 21 per cent against the preceding quarter to stand 17 per cent down against a year ago. At £1.62bn, major work (£100m or more) starting on site decreased 35 per cent against the preceding quarter and fell 18 per cent compared with last year’s levels.

28 MAY 2024 | BY CONTRIBUTOR

The West Midlands experienced a strong period for project starts, which increased on the preceding three months and last year. In contrast, main contract awards decreased against the previous quarter and 2023 levels. Work starting on site in the West Midlands added up to £2.29bn during the three months to April, a 37 per cent increase compared with the preceding quarter and 42 per cent up against the previous year.