- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 28 Aug 2012
Construction slump - perfect storm
Statistics come out about the construction industry every week. And they always seem to be bad. But what do they really mean?
How does the economic outlook today compare with the last ten years?
Here are a few of the headlines:
- Private sector construction collapsed after the credit crunch.
- But the public sector stepped in with a massive increase in spending, so overall the industry didn't fair too badly until the beginning of this year.
- Over the last 6-9 months however public sector funding has started to dry up.
- As a result, right now, total output is 9% lower than it was in 2002.
- If public sector cuts continue, the private sector will need to grow by more than a third of a billion pounds a quarter just to maintain current output.
- At the moment there are no signs that the private sector is growing.
Click on the link below to read the report:
Or download it as a PDF with bonus comments and possible solutions from David Trench:
See our suggestions for how to get construction back on track. Just click on the Discussion link at the top of this page.
Featured articles and news
BRE conference on ways of providing and maintaining quality indoor environments.
CDBB publish foundational definitions and values to guide the development of the National Digital Twin.
Despite the reduction in staffing, most users remain satisfied with the service.
We run through the top 37 styles in history - but how many would you recognise?
Improving approaches to risk in the built environment sector.
Megatrends: Smart Building Technology
Share your BREEAM knowledge to help improve the industry.
Are you innovating without realising it?
Is timber a carbon source rather than a carbon sink?
Disputes on infrastructure projects can have a major impact on delivery.