We were delighted to host a CEF members' meeting with Infrastructure Minister John O’Dowd this morning.
In addition to the alarmingly high number of jobs lost in the construction sector during the recession, perhaps the most visible aspect of the downturn was the significant drop in both property values and new builds …
There is now a critical need for new homes to be built – from the positive impact this would have on jobs to how new housing underpins both regeneration and economic growth.
With less than 50% of new housing need having been met consistently over the last decade, there is a very urgent need to act and act now – particularly in respect of private housing.
The latest CEF Construction Survey reflects a sector where the inflationary pressures of the last 18 months are having an increasingly unsustainable effect on the viability of a growing number of businesses.
Build UK has published comprehensive guidance on Managing Price Inflation for construction firms which considers a range of issues.