Based on the builders conference reports this year £3.0bn was spent out of £5.0bn in the housing-building sector. Building work in the education sector was the second biggest category for new work, with £457m of contracts.
Builders’ Conference chief executive Neil Edwards said that within the data were some menacing omens for the industry. “There are warning signs that a potential storm could be lurking unseen just over the horizon,” he said. “The first of those signs is the huge imbalance in the distribution of work across the various market sectors. We have grown accustomed to the house-building sector delivering almost half of all new contract awards each month for the past few years. But in May 2019, house-building was responsible for around two-thirds of the recorded new contract awards: fantastic news if your company is active in the housing sector; deeply worrying if it is not.
“An even bigger warning sign, however, is a slowing in the area of new bids recorded by the Builders’ Conference. Based on the fact that it generally takes around 22 to 26 weeks for a bid to become an actual shovel in the ground, prospects for late summer and early autumn are starting to look shaky.”
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