Checking the forecast
It may not seem like it with all the doom and gloom headlines of the past few months, but the construction industry is actually in a pretty positive place right now.
Following the collapse of Carillion, the ripples of which were felt throughout the sector, and with continued uncertainty over Brexit, the landscape is admittedly a little uncertain.
However, there are still plenty of reasons to be cheerful. For example, last year was the best in a decade for starting work on new homes and the outlook for this year is equally as positive.
The National House Building Council (NHBC) said builders registered plans to start work on 160,606 new homes, the highest number since the start of the financial crash in 2007. Completions were up by four per cent to 147,278, the highest since 2008.
Continued demand for housing means the Government has committed to delivering an average of 300,000 homes a year by the mid-2020s, giving further hope for the industry with increased orders and revenue coming to all areas in the sector.
Commercial space is at a premium too, particularly in the capital, where City of London planners claim 300,000 extra office spaces are needed in the next 30 years. This is great news for the construction sector, and, here at Mobile Mini, we are perfectly placed to help these projects along, having just opened our largest UK branch to service London and the South East.
The construction trade is further boosted by growth in the education sector, with work on the cards at Newcastle, Durham, Teesside, Leeds, Lincoln, York, Warwick, Coventry, Birmingham and Bristol universities. This is where our units come into their own – not only are our storage containers ideal for keeping site equipment safe and secure, our portable site accommodation can also be used as mobile classrooms while work is in progress, meaning no excess relocation costs or inconvenience.
Taking a long-term view, while the headlines may paint a gloomy picture at the moment, on closer inspection we’re confident that there is a great deal to be positive about going forward into 2018.