Construction in Focus Magazine’s Post

Despite recent inflation and persistent recession fears, the outlook for the construction industry remains strong with growth predicted in both residential and non-residential construction. Tech advances may slow job growth in the immediate future, but there will be an increasing demand for jobs not traditionally associated with construction such as market research, sustainability and software. Discover how jobs in construction are changing: https://buff.ly/3Uduosz #ConstructionJobs #ConstructionIndustry #Construction #TeamRidge #ExpertWitness

Is 2025 going to be a good year in Construction recruitment ❓ I spent part of yesterday with a fabulous group who train and deploy into the UK's construction industry, predominantly within infrastructure but increasingly within home building as well. It's been a tough year for them, particularly compared to their expectations - a common theme across recruitment this year. But they were....very optimistic about 2025. Why ❓ There are so many positive indicators at the moment: 🚀 Despite the budget dampening it a little the S&P Global UK Construction Purchasing Managers’ Index (PMI) registered 54.3 in October - showing great sentiment. 🏗️ Civil Engineering 56.2 ❤️🔥 🏢 Commercial work 52.8 🔥 🏚️ House building was the only category to show decline in October 49.4, but even here there is light. 🏘️ Construction Products Association’s Autumn forecasts see cautious optimism gradually returning to the industry for next year after the extremely challenging last 18 months. In RM&I total construction output is forecast to rise by 2.5% in 2025 and 3.8% in 2026 after falling by 2.9% this year. Private housing output is forecast to rise by 8.0% in 2025 and 7.0% in 2026. 👷♀️ It is estimated that we will need an additional 251k workers to meet demand by 2028. The reskill is on and some of my client's are leading on this. 🆙 Government has signalled: significant planning reform, a massive increase in planning officers to speed applications, to back a number of large infrastructure projects (Cross Pennine Rail/HS2 etc), numerous private initiatives (Carbon capture), big increase to social housing build, ambitious house builder targets (I know we're all cynical about this one). And they have committed a lot of money to it. So yes a lot of the above is sentiment, much relies on government which will no doubt draw a long, frustrated breath out of many but the signs are positive. Compare this to November 2023. You've got this....let's build 🏗️ 💪

Recently published data from the Associated General Contractors of America shows construction spending fell slightly in March but was nearly 10% higher year-over-year. Although spending figures were down month-to-month, it might not be due to weak demand. Contractors have plenty of work to do and few cancelations, leading officials to believe the lack of spending could relate to hiring trouble. #Construction #GeneralContractor #Labor #JobsReport

According to responses gathered from chartered surveyors working in construction across the UK, headline workloads are still largely flat, except for infrastructure sector, but expectations point to activity rising across all sectors over the year ahead, which is till positive; but I just hope we can fill the skills shortage gap to keep things moving in the right direction. #realestate #construction

The UK construction industry showed steady growth in June, with most sectors performing well. Despite some earlier challenges, the outlook is positive, with a significant increase in new construction orders, especially in private commercial and infrastructure work. As the sector continues to gain momentum, addressing skilled labor shortages will be crucial to meeting the rising demand. The future looks promising, and there’s strong confidence in continued growth and new opportunities ahead. https://lnkd.in/dtW2EFAA

Amidst market volatility, the construction industry stands strong. #PreEngineeredBuildings #MetalBuildings #Efficiency #TylerBuildingSystems #Construction #SteelBuilding #MetalBuildingSystems

👷 Exciting growth in construction output! 👷♀️ The latest ONS Construction Output data for May 2024 brought some positive news, showing a 1.9% increase in UK construction output. This comes as a welcome relief after the 1.1% decline back in April. As someone deeply embedded in the civil engineering sector, I see this as a beacon of hope for future recovery. The Federation of Master Builders (FMB) has expressed optimism, noting a significant rise in new work by 2.7% and growth in repair and maintenance. This surge not only boosts our industry but also supports the broader UK economy. 🌍 However, there's an urgent need for the government to outline a plan to tackle the construction skills shortage... do we need to be thinking outside the box? #construction #skillscrisis #recruitmentredefined

This week I had the opportunity to share my thoughts with Bisnow on the future of jobs in the construction industry, and I'm excited to share the article with you. It provides an interesting perspective on how companies will navigate the next few years. Check it out and let me know your thoughts in the comments below. #bdfsgroup #buildingthebest Link to article: https://lnkd.in/ekKjV_5T

According to the U.S. Department of Labor, construction firms added 39,000 jobs in March despite high-interest rates. This is huge compared to last year's monthly average! With gains twice as high, construction is becoming one of the standout performers in the current job market landscape and is poised for continued growth and #innovation. #Construction #JobMarket

Over the past few months, data has shown that construction employment has not kept up with construction spending on a national level. As the graph illustrates below, this does not align with the pattern we have seen over the past few decades. However, there is some good news: In California last month, construction employment rose 1.5%. While this may seem like a small win, it is a win nonetheless. After the past few years, it's encouraging to see the construction industry in CA start to rebound. Learn more: https://lnkd.in/gm2Pn-4U #ConstructionIndustry #California #Employment