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. This latest forecast takes account of the December 2019 general election result.
Some highlights of the report:
- Comparing 2021 with 2018, the West Midlands, Yorkshire & Humberside, and the North East are forecast to experience the strongest pace of growth in new work construction output.
- Private housebuilding is forecast to peak in most regions, although in some areas decline is presently underway.
- Help to Buy accounted for around 20% of private development in London during 2016/2017: it now accounts for 40% of private development.
- Infrastructure will grow strongly in those regions hosting HS2, assuming the project goes to plan.