Andrew Bridges, Managing Director of Stirling Ackroyd has commented on ONS Construction Industry Output Statistics released on 11 March: “Small movements in the wrong direction won’t help escape the construction quick sand.
“Even in London, the capital of the financial world, the clearing systems for the property market are struggling to match supply and demand. Construction is the capital’s future – and that future is still looking a long way off. London has begun 2016 with a 22% housing deficit – with just 32 900 new homes granted approval. The next mayor will need to face up to this scary statistic – and get building. Housing is dominating the agenda but soundbites don’t equal scaffolding.
“Doubling or tripling the rate of new homes built each year should be number one priority for whoever becomes our new London mayor. They owe it to the whole country, to make sure London continues to lead the UK as a country that can compete in the arena of world cities and world economies. Developers want to build – London is a paradise of potential. But ambitions are being ambushed by rigid planning departments and a lack of infrastructure vision in City Hall.”
ONS Construction Industry Output, Jan 2016
- In January 2016, output in the construction industry decreased by 0.2% compared to December 2015.
- Annually, output decreased by 0.8% - with decreases in both all new work and repair and maintenance, of 0.4% and 1.4% respectively.
- New orders for the construction industry in Quarter 4 (Oct to Dec) 2015 were estimated to have decreased by 0.5% compared with Quarter 3 (July to Sept) 2015 and increased by 1.4% compared with Quarter 4 (Oct to Dec) 2014.
- All new work decreased by 0.8% while all repair and maintenance increased by 0.8%.
- Within all new work, there were decreases in public new housing (-10.6%) and infrastructure (-8.6%) which were offset by increases in private commercial (4.7%), public other new work (1.6%), private industrial (0.7%) and private new housing (0.6%).
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/europe-cis/11032016/ons-construction-industry-output-statistics-statement/