Below is a link to a press release from the Construction Products Association (CPA) about their Winter forecast for the UK construction market that has just been published. This anticipates a 2.1% fall in output in 2024 driven by a decline in the private housing market in both new work and repair and maintenance activity. This follows a double-digit fall in private housing activity last year, following a spike in mortgage rates.
Construction output is forecast to show growth of 2% in 2025 following a recovery in overall economic activity and a fall in interest rates.
Below is a link to the latest update.
