FMB

Uncertainty remains for construction industry despite increase in home improvement, says FMB



The Federation of Master Builders (FMB) has said the wider construction industry still faces uncertainty, despite a rise in home improvements.

The latest ONS construction output data shows an increase in private repair and maintenance work by 35.6% in the three months to August.

Monthly construction output increased by 3% in August compared with July, rising to over £12bn.

This is the fourth consecutive month of growth, since the record monthly decline of 41.2% in April.

However, the level of construction output in August remains at 10.8%, below the February level.

Brian Berry, chief executive at FMB, said: “A busy summer of home upgrades has been a welcome boost for the building industry, but growing concerns about the strength of the economy might affect consumer confidence. 

“The latest State of Trade data from the FMB shows that four in five builders are predicting material costs to increase in the months ahead. 

“Given growing Brexit concerns, it will be important that the government works with the industry to ensure that supply chains aren’t disrupted.”

He added that any future delays and increase in costs would impact on the scope for the industry to “build, build, build” the way to recovery.


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