NuGen Properties

Housing slowdown drags on construction output

According to the Office for National Statistics (ONS), November 2022 saw a 0.6% rise in the value of repair & maintenance work carried out across Great Britain but this was offset by a 0.4% fall in new work – resulting in overall construction output growth of 0.0%.

This follows a downwardly revised increase of 0.4% in October 2022.

Growth sectors in November included infrastructure new work (up 4.2%) and non-housing repair & maintenance (up 2.4%).

The laggards were private new housing (down 4.8%) and private housing repair & maintenance (down 1.7%).

In the three months to November 2022, construction output saw an increase of 0.3%, with a  1.3% growth in new work offset by a 1.2 fall in repair & maintenance. However, the previous three-month period – June to August – included the Queen’s platinum jubilee national holidays. The numbers are stilted by the two working days lost in June, the ONS said.

ONS statisticians report that anecdotal evidence received from returns for the Monthly Business Survey for Construction and allied trades (MBS) suggested that the rising prices of construction products has become less of a worry than in previous months.

 “However, more businesses are starting to further reference economic worries leading to customers delaying or cancelling work than in previous months,” the ONS bulletin says.

“To a lesser extent, additional comments mentioned heavy rainfall throughout November 2022. The Met Office confirmed in their monthly climate summary that rainfall was above average and businesses cited that for the construction industry, the rain caused difficult working conditions. However, for some businesses the rainfall generated more work relating to repairs.”

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Dan Morten 18/01/22

Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

Sonny Carter-heyward 29/02/22

Brilliant service, renovated my house to make a dream a reality. Thanks guys

sitemanager 22/01/23

Great firm to communicate with fast and good quality work.