Second growth spurt as project starts soar by 20%

Aaron Morby 8 years ago
Share

Construction growth surged again in the three months to June after a lull in the first quarter of 2014.

According to fresh figures from industry analysts Glenigan the value of projects starting on site from March to June is 20% higher than a year ago.

The growth spurt was fuelled by non-residential and infrastructure work.

It comes after reports from the Confederation of British Industry that the economy is growing at its fastest pace since its records began in 2003.

Industrial, office, hotel and leisure sectors all saw healthy improvements in the value of starts, lifting the non-residential index by 24% compared to last year.

Underlying civil engineering starts have also expanded rapidly, rising by 38% in the latest period.

House builders continued to open up sites with the value of private housing starts up by a fifth.

This means the industry has now enjoyed 14 consecutive months of rising private housing starts.

Glenigan index june
Allan Wilén, Economics Director at Glenigan, said that construction growth had slowed in the first quarter of 2014 with a modest 1% rise in the value of starts.

“The latest figures show a renewed expansion in the underlying value of starts.

“A renewed strengthening of non-residential work is the most significant driver of the high 20% increase recorded in our latest Index, though the underlying value of project starts also increased across the housing and infrastructure sectors.”

This widespread growth across the industry was reflected in a buoyant regional picture.

With the exception of Yorkshire and the Humber, where starts were flat on a year ago, every other part of the country saw an uplift in activity.

Strong growth in the East of England was sustained into the three months to May, buoyed by civil engineering work.

Scotland and North East England also saw marked improvements relative to a year earlier.

Latest news

ISG pauses work on £300m gigaplant

Construction work rescheduled to reduce costs at giant car battery plant
2 hours ago

Tory leadership battle delays bidding for HS2 phase 2a

Prequalification for £5.2bn-£7.2bn route to Crewe put back to September
2 hours ago

Greswolde Construction goes under

Solihull contractor ceases trading with 24 jobs lost
3 days ago

Hanson on track for UK’s first net zero cement works

20 carbon capture projects shortlisted for £1bn funding
1 hour ago

Plan in for Nottingham 967-room student scheme

Vita submits plan for second major purpose built student sh
2 hours ago

Galliford Try gets go-ahead for next A47 dualling job

Early 2023 start for £200m section of A47 between North Tuddenham and Easton in Norfolk
2 hours ago

Designs revealed for £1bn London Blackfriars tower blocks

Fosters design landmark green office skyscraper and two blocks of flats for Southwark site
3 days ago

Everton stadium job still on budget despite inflation

Club and Laing O'Rourke confident they can still build new ground for £500m
3 days ago

Construction output falls 1.4% halting 7-month growth spurt

Fresh output and orders figures confirm summer construction slowdown
3 days ago

McLaren gets green light for £85m build-to-rent scheme

Construction set to start this autumn on major city centre development
3 days ago

BAM limbers up for £25m Bedworth leisure centre

Pioneering Warwickshire health and fitness hub to start this autumn
3 days ago

Keepmoat to start four-year build in Wigan

Major regeneration scheme to start across four sites
3 days ago

Solihull contractor Greswolde heading for administration

New investors took over business 12 months ago
4 days ago

Duo win £500m canal and river main works deal

Kier and Bentley bag Canal & Rivers Trust's largest ever water engineering works deal
4 days ago

Construction Manager of the Year finalists revealed

70 of the industry's brightest talents: Full list
4 days ago

Willmott Dixon fills new strategic change director role

Vistry Group change director joins private builder to support future growth
4 days ago

Work starts on £42m Oldham Spindles overhaul

Willmott Dixon signs off £42m deal to create new market, offices and event space
4 days ago

Firms wanted for Telford & Wrekin £1.6bn building works DPS

Call up for dynamic purchasing system covering building and refurbishment work
4 days ago

Kier pulls off contracts league double in July

Contractor bags highest value of new work and tops rolling 12 months ranking
5 days ago

Hinkley Point C giant water intakes craned onto seabed

Video: contractors complete one of the world’s most complex marine engineering projects
5 days ago

Taziker revenue jumps 30% to record £73m

Multi-disciplinary engineering specialist boosts headcount to 366 staff
5 days ago

Consultant buys scaffolding contractor

RSK Group makes MG Scaffolding its latest acquisition
5 days ago

M&E specialist gears up for £16m Aston Martin package

Major package award on McLaren Silverstone site
5 days ago

Plans in for Brentford 110-flat canalside scheme

Makers’ Yard mixed commercial and residential use scheme
5 days ago

WSP to buy consultant RPS Group for £591m

5,000 staff at Oxfordshire based firm to join WSP
6 days ago

Countryside puts offsite factory up for sale

Offers invited for Bardon plant which is less than a year old
6 days ago

M&E specialist Spie UK arm returns to profit

French parent group launches a strategic review of UK operations after performance stabilises
6 days ago

Site boss fined for locking out safety inspectors

Police called to enter site before fire fighters rescue workers stranded on roof
6 days ago

Rebid starts for £200m M5 junction job

Cost inflation forces retender for £200m junction 10 rebuild near Cheltenham
6 days ago

New Downing Construction boss named

Andy Thomas takes top job as Ian Orton steps back after 24 years
6 days ago

Contractor services