UK construction market forecast update from the CPA

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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.

Click here

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