Business is still booming, say the construction industry's pundits.
Government figures show that, year-on-year, private commercial orders in 2000 were 4% higher, infrastructure orders 13% higher, and public non housing orders 14% higher. Private industrial orders showed no change.
These figures have been supported by credit agency Experian which showed that return on capital employed by construction firms jumped to 15.5% in 2000 compared to 14.8% in 1999.
Latest figures released by Davis Langdon & Everest reveal that building prices rose by 9% over the year. The cost consultancy also predicted that construction demand is likely to grow by 2.5% in 2001. As a result, says DLE, building prices are expected to exceed inflation, rising by 5-7% over the next 12 months.
Source
Building Sustainable Design