Overall, construction activity in general was 16% lower during this period and 15% under 2024’s levels.
Non-residential construction fared slightly better, dipping only 9% from the previous quarter with civil work actually increasing by 4%.
Social housing accounted for the majority of residential construction woes with activity falling 29% during the quarter, standing 24% lower than 2024’s activity.
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Private housing activity was similarly bad with activity down 25% and 23%, respectively.
“Looking at the residential market, project starts have faltered over the past quarter, which, perhaps, reflects the slower-than-anticipated recovery in house purchaser confidence, coupled with ongoing developmental delays,” said Allan Wilen, economic director at Glenigan.
“This is in part due to slow BSR approvals, which account for the sharp fall we registered in the apartment sub-vertical.”
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