House building lags behind recovery in construction, says FMB
Posted: Wednesday, May 15th, 2024
The Federation of Master Builders (FMB) says that despite growth in the construction sector, the continuing fall in house-building rates is a major concern for consumers, industry, and government. Brian Berry, chief executive of the FMB, in response to the S&P Global/CIPS UK Construction PMI data for April 2024, said: “While the data shows positive signs on the horizon for the wider construction industry, the benefit is seemingly being felt by the larger contractors, with uplifts seen in the commercial and civil engineering sectors.” He argues that small, local house builders have little to celebrate, with the fastest reduction in residential house building rates since January and another reduction in employment numbers causing significant concern. The UK is currently experiencing both housing and construction skills and training crises. Berry adds, "To achieve sustainable long-term growth, both house building and employment rates must be prioritised.” The FMB’s newly launched manifesto, ‘Growth from the ground up’, sets out a positive approach for the next Government to follow to turbocharge economic growth by delivering housing and planning reform and a long-term skills plan to tackle the workforce shortage. He concludes: “Politicians need to take note of the bigger picture beyond the positive headlines and adopt these proposals before it is too late.”
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