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 2018 – 2020. Macro-economic forecasts for each region are also included, as are tables of supporting data.
Some highlights of the report:
- Over the years 2018 – 2019 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. In London, residential development is presently in decline.
- Help to Buy has driven private housing development since 2013. Its importance varies, from around 25% of private development in London, to almost 45% in the North West.
- Infrastructure will grow strongly in London and the West Midlands in particular, although in London decline in residential and commercial work will offset this.