Global Construction Outlook to 2022: Q3 2018 Update
Publisher expects the pace of expansion in the global construction industry to average 3.6% a year over the forecast period (2018-2022). In real value terms (measured at constant 2017 prices and US$ exchange rates), global construction output is forecast to rise to US$12.9 trillion in 2022, up from US$10.8 trillion in 2017.
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There are intensifying downside risks to global economic growth, notably stemming from the erupting trade war between the US and China, but the global economy will continue to expand in the range of 2.5% to 3% a year in 2018-2022. The tightening in monetary policy in major markets will push up the cost of borrowing, but given that interest rates are generally at or near historical lows, this process is not expected to have a major impact on construction activity during the early part of the forecast period. Construction output growth will improve slightly to 3.7% in 2019-2020, before easing back in the latter part of the forecast period, reflecting trends in some of the largest markets, notably China and the US.
IHBC NewsBlog
Methodology for Moisture Investigations in Traditional Buildings agreed
A ‘Methodology for Moisture Investigations in Traditional Buildings ‘ has been agreed between RICS, Historic England and the service provider PCA, a trade body, which should help raise professional standards and consumer confidence.
Drinkers toast the future after historic Leeds pub granted GII listed heritage status
The Templar Hotel on Vicar Lane has been listed at Grade II by the Department for Digital, Culture, Media and Sport on the advice of Historic England.
Housing Minister announces new champion for modern ‘MMC’ housebuilding
Government has announced a new Champion for Modern Methods of Construction as part of the government’s drive to make the UK the global leader in housing standards.
RTPI on ‘Why planning needs better outcome measurement’
Planning is about so much more than the number of applications approved and the speed of processing them so the RTPI is commissioning research aimed at producing a toolkit that can demonstrate a wider range of outcomes.
The rise of ‘facadism’ in London, from the BBC and ‘The Gentle Author’
London blogger The Gentle Author has been photographing the changing face of London, focusing on what is known as ‘facadism’, the practice of destroying everything apart from the front wall and constructing a new building behind it.
Great Yarmouth Winter Gardens Facing Off Dilapidation
Urgent repairs have been ordered to save one of the country’s most endangered buildings from dilapidation while Great Yarmouth Borough Council seeks an investor.
Construction urged to do more for butterflies and bees, via SNH
SNH has published new guidance on how best to fit pollinators into urban design and construction with a series of easy steps to suit all project budgets and sizes.
Applications now open for the Sustainability Scholarship for 2020: Closing 29/11
Applications are invited for the Sustainability Scholarship 2020, with successful applicants to receive £3000, support and mentoring from experts, and closing 29 November.
Government asked to save plans for Queensbury tunnel cycle
It was hoped the 1.4 mile (2.3km) Victorian Queensbury Tunnel could be used by cyclists travelling between Bradford and Halifax, but plans have been threatened.
Case Study in Durham Cathedral: Project Managment and Building Services Challenges
Completing works that widened public access to the hidden architectural spaces and collections of Durham Cathedral showcases exceptional project management.
Autumn clamp down on dust by HSE – site visits planned
This month HSE is carrying out its latest construction inspection initiative with a focus in particular on measures in place to protect workers from occupational lung disease caused by asbestos, silica, wood and other dusts when carrying out common construction tasks.