Weekly Economic and Construction Update – 9 December 2022

Weekly Economic and Construction Update – 9 December 2022

Date Published

9 December 2022

Document Type

Category

Author

TDUK
Summary

The S&P Global/CIPS UK Construction PMI for November was 50.4. 50.0 = no monthly change so November’s index represents marginal growth for the third consecutive month but its lowest level since the slight decline in August and significantly lower than the 53.2 registered in October.

Of the 3 sectors that the PMI cover, commercial work was the only sector to register rise in activity in November (51.1). House building activity remained flat (50.0) after 3 consecutive months of growth with construction companies reporting that higher mortgage rates and falling consumer confidence holding back residential activity. Civil engineering activity (46.7) declined for the fifth consecutive month with survey respondents reporting a lack of new work to replace completed projects.

Case studies

There is nothing in the building regulations that prohibits high-rise timber buildings, although the practical limit (and current
code limitation) for stud wall timber frame is seven storeys. The Stadthaus (German for townhouse) is – with eight floors of timber structure – the tallest habitable timber building in the world.

Tucked behind two rows of tall 1840s Victorian villas in Notting Hill, London, is a modern single-storey house with a truly dramatic roof, its exposed timber frame rising in an elegant double curve to a glazed oculus.