Twitter Facebook RSS FEEDS

Value of construction projects down by a third

Tuesday, 14 June 2011 12:05 PM

The value of house-building projects initiated in the three months to May dropped almost a third year-on-year, according to figures released today.

New data from construction industry analyst Glenigan reveals that private housing project starts were down 32 per cent while social housing projects fell 28 per cent in the three-month period.

Private housing developments in north-east England and south-east England were amongst the hardest hit, suffering declines of 76 per cent and 42 per cent respectively.

London avoided a decline in private housing project starts, Glenigan said, reflecting the strength of the wider housing market in the capital.

Allan Wilen, economics director of Glenigan, said: “The shrinking pool of new social housing work is in stark contrast to the rapid government-funded growth seen this time last year, and further retrenchment is expected through the year."

Wilen said the drop in mortgage-lending and a fall in house prices helped paint a “glum picture for the housing market”, underlining the difficult trading conditions currently faced by house-builders.

“The fall in private housing project starts highlights developers’ reluctance to open up new sites while conditions in the wider housing market remain weak, preferring to build out and secure sales on existing sites,” he added.

Want to be the first to know when we break a story? Follow @AboutProperty on Twitter and subscribe to our free weekly newsletter. 

Related stories

Wasteland near Basingstoke

HCA to release land for 3,000 new homes

The Homes and Communities Agency is to release land later onto the open market to allow development of around 3,000 homes.

 Construction site at sunset

Fall in housing fuels slump in construction orders

Orders for public and private housing both down in second quarter as construction industry faces up to worst prospects in 30 years.
Crane and skyscraper

Which organisations will provide affordable homes?

Last week Grant Shapps announced that 170,000 affordable homes will be built by 2015. These are the companies that will suppply them.

 Aerial shot of houses in England

Government to release land for 100,000 new homes

The housing minister plans to release government-owned land so that developers can build new homes – but Labour are sceptical.
Builder on phone

Construction industry welcomes planning changes

Housing industry body the British Property Federation has today welcomed Government plans to shake up planning policy.

 Crane and skyscraper

New-build housing projects down 41%

Construction is still slowing in the UK - but which sectors are being hit the hardest?
Men on construction site

Boris clears Croydon tower for take-off

The London mayor has waved through plans to build the UK's tallest residential building, with 55 storeys of homes, hotel and offices.

 Cardiff Bay boardwalk

Welsh councils need to identify land for housing

More than half the councils in Wales have not identified enough land to meet housing needs over the next five years.
Countryside property

Rural areas suffer affordable housing shortage

"Many of the communities upon which our countryside depends could shrivel and die," warns expert.

 Building site at sunset

More affordable homes to be built than expected

Grant Shapps has revealed that 170,000, rather than 150,000, new affordable homes are now likely to be built.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

A guide to finding the right kitchen sink

When redesigning a kitchen or giving the room a makeover, it is important not to forget about the less obvious aspects of the space. Kitchen sinks are an essential fitting, but often overlooked, despite the fact there is a wide choice of styles available.

Useful tips to help find a flat in London

Looking for flats in London can be a frustrating process, given the capital's size, demand for rental accommodation and varying prices. It is vital, therefore, that you do plenty of research and act quickly to ensure you get the place that you want.

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.