Wednesday 11 December 2019

Construction surges over spring

building & construction

The volume of output in building and construction increased by 4.1pc in the second quarter of this year, according to figures released by the CSO yesterday.

The jump was mirrored by a 5.9 pc rise in the value of production of building and construction.

Construction Industry Federation Director General Tom Parlon said: "This is very good news for construction employment and will benefit not only the industry but the wider economy. Overall construction activity is exceeding the growth forecasts stated at the beginning of the year."

However, residential building was down for the second quarter in a row. Parlon said the drop of 1.9pc was a surprise.

"At a time when there is a dire need for more housing, we should be seeing an increase in the volume of production, but it has fallen by 7.5% since the end of 2013."

"This again highlights the problems that exist in the housing market. We are not seeing more houses built because construction companies can't access finance, they can't have existing planning permissions altered and the cost of building is still too high."

"We need to have 25,000 units built a year, but we won't come close to that in 2014."

Civil engineering activity and non-residential building increased by 9.7 and 4,3 pc respectively.

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