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Construction Market Activity - November
The ONS has announced that the UK moved out of recession in the third quarter, with GDP growing by 1% between quarter 2 and quarter 3. They have also released construction industry output data for September and Quarter 3 of 2012. This is not as promising, it shows that the total volume of construction output in quarter 3 of 2012 fell by 2.6% compared with quarter 2. The year-on-year comparison for the quarter shows this fell by 11.3% compared with quarter 3 of 2011.
Glenigan has also reported that new orders have continued to fall throughout October. Output is now at its lowest level since the second quarter of 1999, commenting on this Noble Francis of the CPA said "The private sector, which it was hoped would offset public sector falls and lead the construction recovery, is now also falling sharply, with the private commercial sector, the largest construction sector, 17.4% lower than it was one year ago." This bleak view has been reflected by large companies such as, Hanson who announced that they will be cutting 250 jobs and closing plants in a major restructure.
If you really want to be depressed read Castles in the Air, a report published by RSA which says that Britain's commercial real estate market will not return to pre-crisis levels until 2023, having experienced a staggering £13 billion drop in output values since 2007.
The Nationwide House Price Index reported that in October house prices rose by 0.6%. But this still leaves house prices 0.9% lower than a year ago. In contrast to this the Halifax House Price Index fell by 0.7%. According to Halifax this makes house prices in the three months to October 1.2% lower than in the preceding three months.
A more positive note is that the National Specialist Contractors Council released their state of trade survey at the end of October showing that 30% of firms have reported an increase in orders in quarter 3 of 2012, and specialist contractors are the most positive about their prospects for the next 12 months.
Nick Clegg announced that there will be £1 billion boost into the Regional Growth Fund which will help manufacturing firms, small businesses and local partnerships secure investment. It is to be hoped that this will take effect sooner than some of the government's other initiatives. |
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Regulations & Initiatives - quick update
DECC have awarded 44 social housing projects a share of £3.2million to get renewable heating into the homes of over a thousand social housing tenants across Great Britain.
The government has published its Energy Efficiency Strategy document, which includes details of £39 million to fund five centres examining business and household energy demand. It will also provide guidance to financial organisations on financing energy efficiency for business and the public sector.
Barbour Product Search have published a useful guide of Frequently Asked Questions for BIM, you can also request a copy of Competitive Advantage's guide to BIM written for and published by TRADA.
A free copy of Glenigan's Construction League Table listing top Clients, Architects, Engineers, QS and Contractors can be obtained if you register your details.
RIBA Insights have published a report on Architect's CPD preferences. Although free to download the process is complex if you are not a RIBA Insights' subscriber, but they do provide a useful summary of the findings. |
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New Report: Marketing Activity & Spend
Now in its second year, this is a useful research report to aid the planning of marketing budget's. The report acts as a benchmark in preparing your budget, with information provided by construction industry companies representing manufacturers, contractors, suppliers and professional services firms. The report costs £50 + VAT.
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Product Specification - three influences not to ignore
Nowadays to be able to influence the specification of a product, it is necessary to be able to understand how to relate to specifiers and build relationships with those in the Decision Making Unit (DMU). In this blog I look at the three major influences on specification today and evaluate the changing dynamics of product specification. Read full article. |
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What Architects want - three must-haves for your web
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2013 - how to create a winning marketing strategy
With the end of the year approaching this blog acts as a reminder of items to consider when drafting a successful marketing strategy, and how to reduce the uncertainty of the future through research and forecasting. Read full article. |
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What's being said - a round-up of useful marketing items
Below, in support of our recent blog: How to create a winning marketing strategy for 2013 I have listed a number of housekeeping activities for you to aim to complete by the end of the year!
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Forthcoming events
Construction Industry Overview: online training
The first module is on 22 November 2012 at 12.30 for an hour. It will cover Evolution of the Construction Industry; tracing the development of construction through key milestones to provide an understanding of why today's industry is shaped the way it is. This, being the first module in the series, is free to attend.
Book now! |