New Home Renovation Orders Plunge by 22% in Q3: Let's Discuss!

BuildersLTD
Sun, 17 Nov 2024 13:35:37 +0000
News

Ah, September, the month of growth in repair & maintenance (0.4%) while new work took a slight dip of 0.2%. The construction output for the July to September quarter of 2024 saw a modest 0.8% growth compared to the previous quarter, thanks to a boost in new work by 2.0% while repair & maintenance slipped by 0.6%.

Looking ahead, the outlook seems a bit gloomy, with new orders plummeting by a staggering 22.0% (£2,722m) in Quarter 3, 2024. And the plot thickens as private housing new work in September had a setback of 0.4%, alongside private commercial work which fell by 0.1%.

It’s always a rollercoaster ride in the world of construction, with ups and downs in the % of growth, work trends, Quarter performance, and repair activities. Stay tuned for more thrilling construction updates!

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