The latest crane count reveals a significant shift in Australia’s construction sector, with commercial and infrastructure projects reaching record levels while residential development declines. According to Ray White, the RLB bi-annual crane count for Q3 shows non-residential construction at its highest level since records began in 2015. “The non-residential sector has demonstrated robust growth, with an increase of 34 cranes over the past six months, bringing the total to 370,” Ray White said. Read on:
realestateyourway.com.au’s Post
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The latest RLB Crane Index for Q3 2024 reveals a significant transformation in Australia’s construction industry, with non-residential projects gaining momentum while residential development experiences a decline.
Non-residential sector booms amid residential slowdown
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The number of residential cranes across Australia has dropped from 535 to 493 over the past six months, indicating a slowdown in residential construction activity. In contrast, the non-residential sector has shown robust growth, with an increase of 36 cranes over the same period, bringing the total to 370.
Australia’s construction landscape shifts: non-residential sector increases amid residential slowdown
https://www.buildaustralia.com.au
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Analysis conducted by Barbour ABI and the Construction Products Association (CPA) has revealed that construction spending is seeing a geographic shift with new hotspots appearing outside of London and the South East. Comparing ONS figures from 2022 with contract awards data from 2023, researchers discovered spending shifting away from the traditional construction powerhouses. Analysts found contract awards growth of 7.9% in the East of England, with Cambridge, Suffolk and the Essex regions all registering double or triple digit increases. Yorkshire and the Humber also registered a 0.8% increase with Leeds a notable hotspot with a 23.7% increase and Lincolnshire seeing a 159.1% increase. Scotland saw a 32% increase in contract awards which included the Scottish Borders, which recorded the highest increase in the UK at 374.3% and Glasgow, which rose 30%. #heras #perimeterprotection #security #datacentres #access #barriers #gates #fencing #pids #highsecurity #construction #buildingservices #fm #commerical #industrial #planning #design #service #maintenance #repairs #inspection #spares #parts #engineer #securesite #premises #demarcation #cni #criticalnationalinfrastructure #scotland #scottishborders https://lnkd.in/e4Rz6Egn
Latest construction hotspots appear outside London
https://www.constructionenquirer.com
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Discover how the recovering housing market is driving a gradual recovery in the construction industry. Learn about the expected growth.
‘Gradual recovery’ in housing expected despite building safety concerns
https://surveyors-uk.com
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Great news for construction professionals! Glenigan predicts a construction boom on the horizon, fueled by increased government investment in public sector and infrastructure projects. This is exciting news for our industry, and it will create opportunities for a wide range of construction professionals. In addition to public spending, the article also suggests that the budget will boost consumer confidence, leading to a rise in private construction projects in housing, retail, and hotel & leisure sectors. This is great news for businesses of all sizes in the construction industry. Are you seeing this positive impact in your area of the construction industry? Let's discuss in the comments below! #construction #constructionuk #infrastructure #myhitligb
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August revealed an increase in project starts, according to the recent Construction Index released by Glenigan, showing a renewed confidence in the construction market - https://ow.ly/R2hP50SR3yG Specification Online #ConstructionIndustry #ConstructionIndex #ConstructionProject
Is UK construction on course to recovery?
specificationonline.co.uk
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Positive news and stable growth forecast for the construction industry over the next few years. With growth forecast across Residential and Infrastructure projects and expected similar growth across multiple other sectors I think its fair to be cautiously optimistic moving forward #MRICS #Construction #Costmanagement #QSJobs #Projectmanagement
‘Gradual recovery’ in housing expected despite building safety concerns | Construction News
https://www.constructionnews.co.uk
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Construction activity sluggish 🏗 Construction is down so far in 2024, with project starts, new contracts and planning approvals all dropping, concerning research from intelligence firm Glenigan has found. ➡ https://lnkd.in/eiCD5pjT 🔗 #ukhousing #ukproperty #propertynews #construction #propertydevelopment Allan Wilen
Construction activity sluggish
https://www.propertywire.com
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Planning activity softens after months of growth Nonresidential construction planning cooled in September after months of strong growth, according to Dodge Construction Network. The Dodge Momentum Index, a benchmark that measures nonresidential construction planning, decreased 4.2% in September due to a drop in commercial projects, according to the report. Commercial planning, which includes office, industrial and hotel projects, declined 7.8%, while institutional planning, which spans...Read More>>> https://buff.ly/40hip10 #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction
Planning activity softens after months of growth
constructiondive.com
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According to the Rider Levett Bucknall RLB 3rd Quarter 2024 Oceania Construction Market Update, the Wellington remains relatively buoyant, with a substantial number of ongoing projects yet to be completed. However, the outlook for 2025 and 2026 appears challenging, with a limited number of new projects in the pipeline. Local design firms are reporting a decrease in workload and potential staff reductions. Read RLB's analysis ▸ https://lnkd.in/gRVs3irH Photo: Tākina Wellington Convention and Exhibition Centre, Wellington
Wellington Construction Market Insights: Q3 2024
https://www.rlb.com/oceania
