Weekly Economic and Construction Update – 16 December 2022

Weekly Economic and Construction Update – 16 December 2022

Date Published

16 December 2022

Document Type

Category

Author

TDUK
Summary

Total construction output in October was 0.8% higher than in September and the fourth consecutive monthly rise in output after the dip in Summer (returning to normal Summer holiday trends). Output in October was also 7.4% higher than a year ago, when materials availability and a lack of HGV drivers restricted and/or delayed construction activity, and output in October was 4.1% higher than in January 2020, pre-pandemic.

Private housing output in October was 2.9% higher than in September and 19.2% higher than a year ago despite a housing market slowdown as housebuilders are rushing to meet year-end and Help to Buy targets for completions but whilst housebuilders currently focus on completions, they have significantly slowed down starting new developments (even more than usual coming towards Winter) in the light of increasing concern about demand after Q1 next year.

Case studies

Shingle House is one of six specially commissioned dwellings for ‘Living Architecture’, a social enterprise launched by writer Alain de Botton which offers holiday homes for rent in some of the most beautiful landscapes of the UK.

The WoodWave© Structural Roof Panel is so named because it is built completely of wood and plywood fastened together in a wave-like form to serve as a structural roof, fi nished ceiling and noisereducing panel.