Second growth spurt as project starts soar by 20%

Aaron Morby 10 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

Development firm fails hitting London building team for £2.6m

Luxury flats builder Ant Yapi was contracted to redevelop Westminster Tower site
7 hours ago

Government set to fund £1bn final HS2 London tunnel drive

Final tunnel drive to be taxpayer funded upfront with cash recouped later
7 hours ago

Amazon fires up Big-Box market with £500m job

Next generation triple floor super-shed to be built near Northampton
8 hours ago

Stricken road sweeper specialist rescued

Parts of hire specialist Go Plant bought out of administration by Sweeptech
8 hours ago

Costain highways lead joins Buro Happold

Paula Gough appointed to UK Development Director for Infrastructure
8 hours ago

G&H Group lands £20m+ M&E package from JJ Rhatigan

100-strong specialist team to start on West London site next week
8 hours ago

Bidding open for £800m professional services deal

Procure Partnerships encourages SMEs to bid with 9 regional lots
8 hours ago

Construction buyers see fastest growth for 14 months

Commercial building work leads the way in April
1 day ago

Go Modular Technologies files administration notice

Southampton bespoke volumetric specialist employs around 60 staff
1 day ago

Cladding firm went down owing supply chain £7.7m

Debts revealed at Everton stadium cladding contractor Alucraft Systems Ltd
1 day ago

Rydon dogged by legacy fire safety remediation costs

£19m spent on fire safety remediation work to date
1 day ago

Carpenter killed by falling timber frame panels

Court fines specialist contractor £8,000 after site tragedy
5 days ago

Trio of builders win King’s Award for sustainability

Henry Brothers, Willmott Dixon and ZED Pods recognised for sustainability
1 day ago

Kent police seize huge haul of stolen site tools

Hunt for power drill fitted with tracker busts tool theft ring
1 day ago

Robertson names new Northern construction chiefs

Ian Phillips promoted and Ricky Brown joins from Morgan Sindall
1 day ago

Road sweeper specialist files administration notice

Go Plant lodges court notice
5 days ago

Anglian Homes rides in to finish crashed Everest contracts

Rival doubled glazed window specialist commits to complete orders
5 days ago

Final work starts to connect super sewer to London system

End in sight with 1.5m thick concrete wall to be demolished to link-up to Lee Tunnel sewer system
5 days ago

Legal challenge launched against £1.5bn A66 dualling

Balfour Beatty, Kier and Keltbray must now await outcome of court challenge
5 days ago

John F Hunt wins 24-storey Battersea tower

Specialist to carry-out demolition, enabling works and RC frame construction
6 days ago

William Hare wins steelwork on £500m Broadgate towers

Specialist to work on 2 Finsbury Avenue with McAlpine
6 days ago

McAlpine appoints MD to grow ventures business

Owain Thomas will build on private rental and healthcare development successes
6 days ago

BAM Co-op Live Arena opening delayed yet again

Another gig cancelled last night amid last minute safety concerns
6 days ago

National Grid unveils winners for £9bn network upgrade

New 'enterprise model' to deliver infrastructure schemes quicker and cheaper
1 week ago

Turkish insulation panel maker to build £45m UK factory

Assan Panel to open first UK plant at Freeport East
6 days ago

Expanding consultant Stantec swoops for Hydrock

Stantec UK business expands by a third as 950 staff join from Bristol-based engineer
7 days ago

Contractors wanted for £800m highways deal

Bids invited for Eastern Highways Alliance Framework 4
6 days ago

Galliford Try names group head of infrastructure

David Lowery promoted to Divisional Managing Director – Infrastructure.
6 days ago

Chigwell Group looks at stock market listing

Essex contractor registers as Public Limited Company
1 week ago

A57 Mottram Bypass clears final legal challenge

Balfour Beatty to get go-ahead to start shortly
1 week ago

Contractor services