Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
The biggest concern for construction remains housing, according to the latest Statement from the co-chairs of the Construction Leadership Council’s Material Supply Chain Group; BMF CEO John Newcomb, and Construction Products Association CEO Peter Caplehorn.
According to the statement demand for new homes has slowed as consumers become more cautious, with mortgage approvals down on both a year-on-year and a month-on-month basis.
“While there is a significant pipeline of infrastructure work, a substantial programme of highway maintenance and repair, and growth in data centres and digital infrastructure, this is not enough to offset the continued weakness in housing, which generates the greatest demand for materials such as bricks, cement and steel.
“Further pressure on housebuilding is mounting as the number of regulations increases. While many regulations are well-intentioned, they risk adding cost, complexity and extra administration without delivering the expected benefits.
“The recent change in political leadership has added another layer of uncertainty at a time when businesses are already navigating a challenging economic environment. The Group believes that early clarity on housing, planning and infrastructure priorities will be important for restoring confidence across the construction supply chain, and continues to encourage early engagement and clear communication throughout the construction supply chain.”
The full statement is available on the CLC website
