Allan Wilen is economics director at Glenigan The autumn 2024 Budget was hotly anticipated across the entire construction sector, especially as the election of a Labour government in July did not result in the sudden growth spurt some may have hoped for. Indeed, we found the value of construction projects…
Allan Wilen
Construction prospects over the next three years: an uneven recovery
Construction faces a progressive improvement in market conditions over the next three years after the sharp fall in starts during 2023. The recovery will not be evenly spread.
Despite the setbacks, MMC and offsite construction are still growing
David Bain is research manager at NBS and Allan Wilen is economics director at Glenigan Recent years have seen a number of reports and initiatives advocating greater use of modern methods of construction (MMC) – but has this level of support resulted in more projects using this approach? According to…
Construction prospects: will 2024 be a less challenging year?
Allan Wilen is economics director at Glenigan UK construction has endured challenging economic conditions during 2023, as UK economic growth effectively stalled. While economic conditions will remain sluggish over the coming year, the value of construction starts is forecast as steady after the sharp falls seen during 2023. A further…
Construction timetables are increasingly stretched
Delivering construction projects is taking longer. Glenigan’s analysis of project data reveals that over the past five years the time taken to bring projects through planning to tender and construction has grown sharply. The pandemic, supply chain disruptions, and spiralling energy and material costs all appear to have contributed to…
Light at the end of the tunnel
Allan Wilen is Glenigan’s economics director Construction faces a challenging economic environment this year, before conditions gradually improve from 2024. Stalled UK economic growth and higher interest rates are currently dampening private sector investment and housing market activity. However, brightening economic prospects are expected to lift construction project starts from…
Allan WiIen: Demand surges for logistics and warehousing
Allan Wilen is Glenigan’s economics director The construction of logistics and warehousing facilities has been a star performer for the industry in recent years. Demand for logistics space has soared as global supply chains have been disrupted and as the pandemic accelerated changes in consumers’ retail habits. Rising interest rates…
Allan WiIen: The challenges facing the new building safety regime
Allan Wilen is Glenigan’s economics director The government intends for the Building Safety Act 2022 to reshape how buildings are created and managed in England. These changes are directed, putting in place important safeguards to prevent the systemic failures seen at Grenfell. While the primary focus is upon the safety…
Allan WiIen: The office is dead, long live the office
Allan Wilen is Glenigan’s economics director Hybrid working, new regulations and the green agenda are set to reshape the commercial office market over the next few years. Meeting these challenges will generate new opportunities for the construction industry as landlords and tenants renew, repurpose or replace the nation’s existing office…
Allan WiIen on: Prospects for construction in 2023
Construction faces significant headwinds this year as the UK slips into recession and as structural changes in the economy reshape the demand. As the pattern of construction activity changes, firms will be need to be ready to tap into new opportunities as they emerge. UK construction has already faced turbulent…