Niall Gorton’s Post

More good news in construction, are we on the way out of the dark?💡 According to the article entitled “Construction buyers see momentum building” on Construction Enquirer: ⬆️ All 3 monitored categories (housebuilding, commercial and civil engineering) saw activity increase for the first time since May 2022 💰 New business rose for the fourth consecutive month 😃 Business confidence rose to a three month high Andrew Harker, Economics Director at S&P Global Market Intelligence; ““Particularly pleasing was the broad-based nature of the rise in activity as work on housing projects increased for the first time in more than a year-and-a-half. Firms are gearing up for further growth in the months ahead, posting renewed expansions in both employment and purchasing activity as workloads increase.” Let’s hope this is a sign of more positive things to come I’ll post a link to the article below for those interested in reading more 👇 #ukconstruction #constructionsales #buildingmaterials

If you feel sub-contracting enquiries have been flat, the data says you're right... 📉 After a challenging six months of contraction, there’s finally a light at the end of the tunnel for the construction industry! According to the latest S&P Global PMI data, March saw a slight uptick in activity, with the index moving from 49.7 in February to 50.2... 📈 It's a small step, but a very f**king needed one for many from a morale standpoint... ☔ Leading the way? Civil engineering! Common sense says that construction starts from the ground up, so we will likely see an improvement for interior and M&E contractors in the months to come... 🏗 Yet, it’s not all champagne and skittles (as Del Boy once said 🤣 ). Challenges remain, especially in the housebuilding sector, where conditions are tough... ⚖ With increasing investments and a focus on affordable housing, the future looks promising... 🏡 As Brian Smith from AECOM puts it, the gloomy days might just be behind us. With inflation on the decline and whispers of rate cuts by the Bank of England, there’s renewed optimism. Projects on pause are getting a second chance as financial pressures ease... 💡 Plus, the acceleration in new jobs is the fastest we've witnessed in 10 months - a clear sign that things are picking up... 🍻 Small victories but we’re paving the way for a more vibrant Construction industry... 🤞 Construction News https://lnkd.in/ewPdeXyY #constructionindustry #constructionnews #constructionrecruitment #constructionjobs

Gain insight into the hiring and business outlook for the construction industry in 2024. The latest macro view reveals interesting findings, including the positive news that supply chain issues of 2022 and 2023 are now mostly behind us. While interest rates remain a concern, the report offers valuable information for businesses looking to stay ahead of the curve. Check out the link for more details: https://lnkd.in/gkWtDMcN

Construction input prices drop for first time in 2024 Even with year-over-year price increases, project costs on the ground have largely remained stable, said Macrina Wilkins, senior research analyst with the Associated General Contractors of America. “[The PPI] release shows us that while some prices for construction materials have shown fluctuations, it is not significantly impacting the cost of projects,” said Wilkins. “The bid prices remained unchanged and...Read More>>> https://buff.ly/3Xs01RF #MitoInsulation #Insulation #ConstructionNews #Housing #Construction #MultiFamily #MultiFamilyRealEstate #MultiFamilyConstruction #MultiFamilyBuilding #CommercialInsulation #multifamilyhousing #multifamilyinvesting

Construction News 🗞️ According to data released this month, construction growth has hit a two-year high. The latest S&P Global Construction Purchasing Managers’ Index (PMI) scored 54.7 in May, jumping from 53.0 in April. This upward trajectory means more opportunities for those seeking a career within the industry as building firms gear up to deliver against rising demand. Andrew Harker, economics director at S&P Global Market Intelligence, said: “The UK construction sector looks to be building good momentum as we approach the middle of 2024, highlighted by activity increasing at the fastest pace in two years during May. “Particularly pleasing was the broad-based nature of the rise in activity as work on housing projects increased for the first time in more than a year and a half.” Are you looking for a new opportunity? Contact Beth Cullen, our Director for Construction and Civil Engineering to find out more. 📧[email protected] 📞07814 446811 #Construction #ConstructionNews #Recruitment

🚨 Last Chance to Join! Tomorrow's the day our panel of cost data analysts tackles the numbers that shape our builds. Don't miss out on #Gordian's 2024 Construction Costs Open Forum! 🏗️ Our panel is ready to unpack the latest industry trends and provide a deep dive into comprehensive cost analysis. Gain invaluable insights and practical strategies to navigate the ever-evolving construction market. #RSMeansData #ConstructionIndustry #CostTrends #ConstructionCosts

Don't miss out! Only three days left until #Gordian's highly anticipated 2024 Construction Cost Changes Open Forum webinar! 🚧 Mark your calendars for Tuesday, February 27th, at 2:00 PM EST, as we delve into critical topics shaping the construction landscape: 🏗️ Trends in regional construction material costs 💼 Changes and availability in labor rates 💰 The impact of inflation on the industry 📊 Analyses comparing past and present market conditions 🔍 Detailed breakdowns of individual material costs Seize this opportunity to enhance your market understanding and empower your decision-making with data-driven insights for 2024. Reserve your spot today and prepare to contribute to the conversation! 🛠️💡 Register now! #RSMeansData #ConstructionIndustry #CostTrends #ConstructionCosts

We're seeing positive trends in the construction sector as buyer momentum builds. Discover the latest developments and what they mean for our industry in this insightful article. https://lnkd.in/g5tGbrPz

Construction input prices drop for first time in 2024 Even with year-over-year price increases, project costs on the ground have largely remained stable, said Macrina Wilkins, senior research analyst with the Associated General Contractors of America. “[The PPI] release shows us that while some prices for construction materials have shown fluctuations, it is not significantly impacting the cost of projects,” said Wilkins. “The bid prices remained unchanged and...Read More>>> https://buff.ly/3Xs01RF #MitoInsulation #Insulation #ConstructionNews #Housing #Construction #MultiFamily #MultiFamilyRealEstate #MultiFamilyConstruction #MultiFamilyBuilding #CommercialInsulation #multifamilyhousing #multifamilyinvesting

Prices for construction materials have risen significantly in recent months, impacting project feasibility for many in the industry. Check out this informative article on material price volatility, which includes a chart summarizing producer price index changes from 2020 to now. The increases for certain materials are staggering. #construction #materialprices #projectmanagement