After a busy year working on the industry's behalf we are today publishing our Annual Report for 2019.
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.
Commenting after today’s spending review announcement by the Chancellor, Construction Employers Federation Managing Director John Armstrong said:
Over two and a half years since the collapse of the Northern Ireland Executive, local construction firms have made it very clear that a market recession is likely, if not already happening. This is the key headline from the latest State of Trade Survey, for the first half of 2019, conducted by the Construction Employers Federation.