Like myself you are probably a little confused with the conflicting news coming out of the construction industry of late.
Although I appreciate residential makes up only a portion of our industry as a whole, over the past month I have read articles on how the industry is grinding to a worrying halt; how merchants are post record revenues and how manufacturers of building products are being forced to increase prices due to raw material costs, thus putting a further stain on the main contractors. Its all pretty confusing.
I am poising the question of stability and what the future holds wherever I go. Just last week I was with two offsite manufacturing MD's who say the futures bright. For me a massive litmus test was asking an owner of a large tier two groundworks contractor, who specialise in industrial and commercial projects nationally. His response - the world keeps moving, investors are still investing and projects are given the go ahead.
Although the NHBC's latest findings point towards a slight downturn in new property registrations, I was buoyed to read that affordable housing is on the increase (in fact by some 19% on the first quarter....and about time too!) Lets hope it keeps the wheels of housing fully turning and adequately oiled.
Private sector registrations dropped 7% in Q2 2017 against the same period a year ago, according to the latest statistics from NHBC. During the April to June period, 29,123 new homes were registered in the private sector. But in the affordable housing sector, registrations climbed 19% against Q2 2016 to 11,220 new homes. NHBC said that the continuing rise in registrations in the affordable sector was being driven by a number of larger housing associations developing homes for market rent, private sale and shared ownership, alongside an increase in joint ventures with the private sector. Overall registrations during the period totalled 40,343, a 1% decrease year-on-year.