Budget Jitters Impact Construction Forecasts
Construction output is now forecast to grow by 1.1% in 2025 and 2.8% in 2026, down from previous predictions of 1.9% and 3.7%, respectively.
Firms across the construction supply chain report slowed activity since Spring, particularly in private housing, infrastructure roads, and commercial new build offices.
- Private housing output is forecast to rise by 2.0% in 2025 and 4.0% in 2026, revised down from 4.0% and 7.0%, respectively.
- House builders cite demand and affordability as major challenges in areas with high house prices.
- In areas with affordable house prices, site viability is a key issue due to additional government costs.
Infrastructure output is expected to rise, but specific figures are not provided.
No specific quote available.
Author's summary: Construction forecasts plummet due to budget jitters.
More News
- Pressing need for ethical and regulatory oversight of therapeutic voice AI, SFU expert urges
- Why Experienced Lawyers Matter in a Personal Injury Case | NorthPennNow
- Battlefield 6's Battle Royale Mode Is Called REDSEC, Is Free-To-Play, And Launches Tomorrow
- Renters Rights Bill becomes law - Letting Agent Today
- How to Order Lapel Pins That Impress: A Complete Guide for Events, Teams, and Fundraisers | NorthPennNow
- Three resilient UK multinationals global managers are excited about | Trustnet
- NGS Streamlines Biomarker Testing in Solid Tumors | Oncology Nursing News
- READY, FIRE, AIM: Fly Me to the Moon – Pagosa Daily Post News Events & Video for Pagosa Springs Colorado
- Battlefield 6 REDSEC battle royale to officially launch soon
- D&H Distributing Adds Dell Servers To Line Card, With Dell Storage Poised For Early 2026