What's Happening?
The UK construction sector is projected to grow by 21% over the next two years, driven by private housebuilding and commercial office projects. Glenigan's Autumn Forecast 2026-2027 report highlights a 13%
boost in activity, with limited negative impact from international conflicts and trade wars. The sector is expected to benefit from the upcoming Autumn Budget, which may kickstart capital projects in renewables, social housing, and education. The report anticipates a rise in both private and public sector project starts, contributing to the industry's growth.
Why It's Important?
The forecasted growth in the UK construction sector indicates a robust recovery and expansion, with significant contributions from private housebuilding and commercial projects. This growth is crucial for economic stability and job creation, providing opportunities for contractors and subcontractors. The focus on renewables and social housing aligns with government commitments to net-zero targets and social welfare. The sector's resilience amid global uncertainties underscores its importance in national economic planning and development.
