All articles by Michael Hubbard – Page 3
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FeaturesCost update Q3 2015
Labour prices continue to be the main driver behind cost inflation in the third quarter of the year
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FeaturesMarket forecast: A change of mood
With demand outstripping supply, selectivity was the dominant theme for contractors this year. And a failure to attract tenderers led to more creative approaches to procurement. But will these changes be lasting or is this just the current stage of a cyclical process?
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FeaturesCost update Q2 2015
Materials cost inflation falls again but construction weekly earnings continue to outperform those of the wider economy
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FeaturesEconomics: Market forecast
Revised figures for Q1 2015 saw market pricing volatility increase, with a project’s attractiveness playing a crucial role in this current trend. Michael Hubbard of Aecom reports
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FeaturesCost update Q1 2015
The consumer price inflation rate dips into negative territory on a single-month basis for the first time in recorded history
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FeaturesMarket forecast: Growing pains
Strong output demand has stretched the industry across the supply chain, with increased tender prices triggered by capacity constraints only the most salient sign of strain. Michael Hubbard of Aecom reports
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FeaturesCost update Q4 2014
Construction output rose 5.5% over 2014, but construction materials and consumer price inflation have both slowed.
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FeaturesCost update Q3 2014
Construction output rises 3.5% year-on-year, with new housing construction still a prominent reason for increases in output and materials price inflation
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FeaturesCost update: Q2 2014
Construction output recorded no change compared with the last quarter, while new housing construction is the primary reason for rises in new work output
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FeaturesMarket forecast: Overall improvement
Q2 2014 saw tender prices and overall activity pick up the pace, largely due to the housing sector. While the demand for skilled trades has led to increases in day rates and wages
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FeaturesCost update Q1 2014
New housing construction is primary reason for total construction increase since Q3 2013. Total employment figures increase year-on-year
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FeaturesMarket forecast: Rebound on track
Although Q1 2014 saw output and price levels taper off, the overall direction of the industry remains encouraging, especially considering its supply and skills constraints
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FeaturesMarket forecast: Back in demand
The upturn in industry fortunes - which some predict will continue until 2017 - is being reflected in notable rises in tender prices, building costs, and pressure on resources
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FeaturesMarket forecast: A confidence shift
Leading indicators highlight renewed optimism. But don’t break open the champagne just yet …
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