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Construction Outlook: May 2019

Hewes & Associates’ latest regional construction forecast provides new work output forecasts (public & private housing, infrastructure, public non-housing, industrial, commercial) and repair & maintenance output forecasts (housing, public non-housing, private non-housing, infrastructure) for all 11 regions of Great Britain, covering the years 2019 – 2021.  Macro-economic forecasts for each region are also included, as are tables of supporting data.

Some highlights of the report:

  • Over the years 2019 – 2021 the West Midlands and Yorkshire & Humberside are forecast to experience the strongest pace of growth in new work construction output.
  • Private housebuilding volumes are forecast to peak in most regions over the short-term.
  • Help to Buy has driven private housing development since 2013. Its importance varies, from around 30% of private development in London, to almost 45% in the North.
  • Infrastructure will grow strongly in those regions hosting HS2, assuming the project goes to plan.