Forecast

Partial construction recovery expected to begin next year
by Jennie Ward|10 November 23|Build, Statistics, Supply
At the Global Market Conference, putting the timber sector in context with the rest of the construction industry was Allan Willen, Economics Director at Glenigan. "The UK economy, property markets and construction industry have all been buffeted by successive economic shocks resulting from Brexit, the pandemic, the war in Ukraine...
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Falls in private housing and rm&i activity drives downgrade in CPA Forecast
by TDUK|24 July 23|Statistics, Supply
With private new housing and repair, maintenance and improvement (rm&i) to see double-digit falls this year, there will be a sharp 7.0% decline in construction output in 2023, according to the CPA's Summer Forecast. Amidst a flatlining UK economy, falling real wages, and mortgage rates now expected to continue rising...
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softwood imports
Softwood imports resilient in early 2023, says TDUK
by Liam Macandrew|19 May 23|Statistics, Supply
Contrary to construction industry forecasts, the softwood sector has seen a strong start to 2023, with imports up again in February 2023. Softwood imports in the first two months of 2023 were up 2.4% compared to last year, with totals standing at 462,000m3 in February. This steady increase is due...
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economic forecast
CPA delves into Spring Economic Forecast
by Jennie Ward|11 May 23|Statistics, Supply
In a recent webinar, economics expert Professor Noble Francis went behind the headline statistics to discuss the latest CPA Spring Economic Forecast in more detail. Here, we reveal what he believes lies ahead for the construction supply chain. Construction output is set to contract by 6.4% during 2023, according to...
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Housing and infrastructure drive downgrade in construction output in new CPA Forecast
by Liam Macandrew|02 May 23|Statistics, Supply
Construction output is forecast to fall from a record-high level and contract by 6.4% in 2023, according to the CPA’s Spring Forecasts. This is a downgrade from a fall of 4.7% expected in the Winter, driven primarily by sharp falls in the two largest construction sectors – private new housing...
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