The construction sector could only need a 'small nudge' to fall into recession after suffering another slowdown as Britain’s builders stay put amid growing Brexit uncertainty. The latest Markit/CIPS UK Construction purchasing managers' index dropped to 50.6 for January, from 52.8 in December, marking the slowest growth since March last year. By Camilla Canocchi for Thisismoney.co.uk
Construction industry slows down amid worrying political and business backdrop – following the release of the Construction PMI figures, Phil Harris, Director at BLP Insurance comments on the sector...
The Buildoffsite Property Assurance Scheme offers designers, manufacturers and constructors, as well as lenders and, ultimately, buyers confidence in Modern Methods of Construction. Formed of two separate assessments – a durability and maintenance assessment of the building product or technology and a process accreditation of the organisation itself – the Buildoffsite Property Assurance Scheme (BOPAS) is an accreditation for designers, manufacturers and constructors who are involved in offsite manufacture of systems and products.
Construction activity in November indicated a solid expansion of UK construction output as new work picked up and client demand rose, according to the latest construction PMI. Since October, growth of new work improved and rising client demand underpinned a robust and accelerated expansion of employment. The rate of job creation was the highest since December 2015. Despite this, business confidence remained relatively subdued, with survey respondents noting that Brexit-related concerns had weighed on their growth projections for the next 12 months.
Damming research into buyers' attitudes reveals how much the public now considers new homes to be poor quality and too expensive. Nearly a quarter (24%) of people consider a lack of quality of build to be a major disadvantage of buying a new build home over an older property, according to a recent survey by BLP Insurance, a specialist residential warranty and commercial latent defects insurer.
Nearly a quarter (24%) of people consider a lack of quality of build to be a major disadvantage of buying a new build home over an older property, according to a recent survey by BLP Insurance, a specialist residential warranty and commercial latent defects insurer.
The UK’s housing crisis continues to plague policy makers, with ongoing discussions around different solutions to meet shortages in housing supply. Urban regeneration has the potential to help the government alleviate pressure on the housing market, but in order to succeed as a viable and sustainable solution significant work is required to overcome obstacles deeply entrenched in the industry.
The government has set itself the demanding challenge of building 300,000 new homes by 2022; however, a number of long-standing issues within the construction sector are still acting as roadblocks to tangible progress. In order to deliver on housing supply, through a more efficient, productive and aspirational construction sector, the industry requires wholesale innovation and collaboration.
The majority (78%) of people consider the environmentally sustainable performance of a building important when choosing a new home, BLP Insurance has found. More than four-fifths (81 %) of respondents in London thought the long term environmental and sustainable performance of a new home is important versus Sheffield (68 %) and Newcastle (75%).
Bureaucracy, lack of cooperation and a dwindling SME builders market are the main blockades to reaching the government’s ambitious housing targets according to panellists at an event held by BLP Insurance and the British Property Federation on 3 July 2018. The seminar, chaired by Liz Peace, CBE and Chair of the Old Oak and Park Royal, and with panellists Gareth Blacker, General Manager Homes England, Rowland Thomas, Director Close Brothers Property Finance, Ian Fletcher, Director of Policy the British Property Federation and Kate Davies, CEO Notting Hill Genesis, sought to address how the Government intends to deliver on its target of 300,000 new homes per year.