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Construction starts stall to end of November



The value of construction projects started in the three months to November remained unchanged, according to the Glenigan December Index.


This was compared to the preceding three months and the same period in the previous year.

Within this, residential construction starts declined by 1% during the index period, which was a 6% decrease from 2023’s figures.

By contrast, non-residential construction activity project starts were up 9% against the three months to the end of November.

Commenting on the data, Glenigan economic director Allan Wilen said a “much anticipated boost” from a change in government had yet to materialise.

“While a weak period for residential construction starts weighed on overall performance, strong growth in the non-residential sector, fuelled by improved confidence, helped to stabilise starts,” added Allan.

“Despite current, sluggish conditions, our data forecasts a return to growth from 2025, offering the industry brighter horizons and renewed optimism as the new year approaches.”

Within residential construction activity, the slowdown was most marked in private housing.

Here, activity declined 3% to the end of November from the preceding three month period.

This is a 1% reduction from 2023 levels.

Social housing activity bucked the trend, with a 4% increase in the value of construction starts against the preceding three months.

However, this activity was down 20% from the data recorded in 2023.



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