Lee Gavin - Real Estate and Construction Insurance Advisor and Business Development Executive’s Post

🚧 UK Construction Sector Surges in July🚧 Encouraging signs for the UK construction industry with activity increasing across all construction categories, with civil engineering leading the way. New business and improved customer confidence drove the rise, prompting firms to boost purchasing and staffing for the third consecutive month 📈However, higher demand pressured supply chains, increasing input costs. Challenges in skills shortages, training, and recruitment are well-documented, so it is encouraging to see employment growing at its fastest pace in a year 👏 #Construction #UKEconomy #Growth #CivilEngineering

👷 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

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

#Construction output in the UK has continued to rise in the second quarter of the year. Learn more about the increase in activity and predictions for the months ahead: bit.ly/4cU0hh0 #constructionnews #constructionindustry

Construction activity in Northern Ireland increased for the first time in two years, albeit at a modest rate, according to the latest Royal Institution of Chartered Surveyors (RICS) construction monitor for Q1 2024. A net balance of 4% of Northern Ireland respondents to the survey reported that overall construction workloads rose through the first quarter of 2024. This is the first time this figure has been in positive territory since this time two years ago. Read more here👇👇 https://lnkd.in/e23HWxHf #ConstructionIndustry #ConstructionMonitor #NewData #Workloads

Construction activity in Northern Ireland increased for the first time in two years, albeit at a modest rate, according to the latest Royal Institution of Chartered Surveyors (RICS) construction monitor for Q1 2024. A net balance of 4% of Northern Ireland respondents to the survey reported that overall construction workloads rose through the first quarter of 2024. This is the first time this figure has been in positive territory since this time two years ago. Read more here👇👇 https://lnkd.in/eNAx7v-S #ConstructionIndustry #ConstructionMonitor #NewData #Workloads

Construction activity in Northern Ireland increased for the first time in two years, albeit at a modest rate, according to the latest Royal Institution of Chartered Surveyors (RICS) construction monitor for Q1 2024. A net balance of 4% of Northern Ireland respondents to the survey reported that overall construction workloads rose through the first quarter of 2024. This is the first time this figure has been in positive territory since this time two years ago. Read more here👇👇 https://lnkd.in/eVe7iVVv #ConstructionIndustry #ConstructionMonitor #NewData #Workloads

Construction Keeps Up the Momentum: Solid Output Growth in August 👷♀️ 👷♂️ The UK construction sector continues its positive trajectory, with the latest figures showing sustained growth in August. This sustained performance is encouraging news for the industry. Key Takeaways: ✨ Construction output saw a 0.8% month-on-month increase in August 2024, maintaining the positive trend of recent months. ✨ The repair and maintenance sector continues to be the main driver of growth, with consistent output increases. ✨ Infrastructure projects are also contributing positively, with ongoing investment fueling activity. What Does This Mean? This continued growth signifies a period of stability for the construction industry. However, it's important to acknowledge potential challenges: ⭕ Material shortages - Ongoing supply chain disruptions and rising material costs could impact future projects. ⭕ Skilled labor shortages - The continued need for skilled workers remains a concern. Looking Ahead: Despite potential challenges, the current momentum in the UK construction sector is positive. By addressing key issues like material shortages and workforce gaps, the industry can build on this momentum and ensure sustained growth. What are your thoughts on the latest construction output figures? Share your insights and industry experiences in the comments below! #construction #ukconstruction #growth #buildersmerchantsnews #infrastructure #repairandmaintenance #constructionjobs #futureofconstruction #myhiltigb

✨Interesting insight on the UK Construction Market ✨ As we all know there are up and downs in every industry. Some interesting insight from the Article below stating that the construction industry has been experiencing a slight decline in the month of July, following two consecutive months of growth. While the overall decrease was modest, it was notable that five out of nine sectors saw a decline in output, particularly in private commercial new work and private housing repair and maintenance. Despite this, the industry seems to remain optimistic about the medium-term outlook due to government announcements and positive three-month growth figures. How do you think the industry will change as we get closer to the end of 2024? #Construction #Constructionrecruitment #2024 #salesstrategy https://lnkd.in/dSKK27B4

Some brilliant insights here.