Latest Persimmon Ord (PSMMF) Headlines Buildi

Latest Persimmon Ord (PSMMF) Headlines



Building Contracting Market Update 2013 Research Report

M2 - Mon Mar 10, 4:48AM CDT

Research and Markets (http://www.researchandmarkets.com/research/7m6n2b/building) has announced the addition of the "Building Contracting Market Update 2013" report to their offering. This Market Update examines the UK building contracting market, focusing on construction activity across the public and private commercial, industrial, infrastructure and housing construction sectors. In 2012, output in the construction industry returned to decline, following 2 consecutive years of growth, falling by 5.1% at current prices. The report also analyses the industry in terms of new construction work and repair and maintenance, with the former accounting for 61.4% of total industry output in 2012 at current prices. For new work, the major construction sectors in 2012 continued to be private commercial work, private housing, and both public and private infrastructure construction. In the repair and maintenance sector, the majority of demand is derived from private housing and non-housing work, as well as the infrastructure sector. Despite growth in the market in 2010 and 2011 following significant decline during the 2009 economic recession construction demand across the UK fell considerably in 2012, with depressed economic conditions throughout the UK and Europe reducing output in the private sector, while the impact of public-sector spending cuts resulted in sharp declines in public-sector construction output. In an effort to drive growth in construction and improve conditions in the struggling housing market the Government recently announced a range of funding initiatives aimed at expanding the UK's housing stock and improving the volume of transactions in the housing market. In addition, the construction industry is expected to benefit from certain environmental policies, such as the Government's Green Deal initiative, aimed at encouraging uptake of energy-efficient technologies in domestic and business properties. Despite these initiatives, uncertainty in private-sector investment, alongside public-sector spending cuts, is expected to result in further decline in construction output in 2013. From 2014, growth is predicted to return, largely due to increased private-sector investment. As public-sector investment returns over the medium term, construction is likely to become increasingly substantial. Key Topics Covered: Executive Summary Market Definition Market Size Strengths, Weaknesses, Opportunities and Threats Current Issues Forecasts Company Profiles Further Sources Companies Mentioned - Balfour Beatty Plc - Barratt Developments Plc - Carillion Plc - Galliford Try Plc - Interserve Plc - Kier Group Plc - Laing O'Rourke Plc - Morgan Sindall Group Plc - Persimmon Plc - Taylor Wimpey Plc For more information visit http://www.researchandmarkets.com/research/7m6n2b/building About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.