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News - 17 October 2014

House building is leading the growth in the SME construction sector.

A according to the latest research from the Federation of Master Builders (FMB), house building is leading the growth in the SME construction sector but the industry has a long way to go to recover to pre-recession levels.

Results from the FMB’s State of Trade Survey for Q3 2014 show SME workloads growing across most sectors, with the strongest growth coming from private house building.

Brian Berry, Chief Executive of the FMB, said: “We are at last seeing strong, consistent growth in workloads for SME house builders but the building industry is still a long way from being ‘home and dry’. The private housing market is recovering from a very low base after a recession which saw house building fall to record lows. Half of all SME house builders went to the wall or were forced to diversify into another area of construction.”

Lavinia Newman, Founder of ABDS and a business strategist comments:
“By the late 1980s, two-thirds of all new homes were built by small local contractors. This reduced to one third by 2010, and is now at a quarter of all new homes. The reason for this can be seen as the problems SME house builders have in securing finance, and in a serious short fall in skilled workers. 41% of firms had difficulty in recruiting bricklayers, a 7% shortfall on three months ago, with carpenters and joiners down 15% when compared to the second quarter of this year.”

Mr Berry said: “The construction industry has lost 350,000 people since its peak before the recession and this will have a knock-on effect for many years to come.”

If you need any help and advice for your business on the implications of central and local Government Funding initiatives and the construction industry, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

Helping Your Business is Our Business

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