article thumbnail

Housing slump sees construction output fall

Construction Enquirer

The index was dragged down by a steep decline in residential work. Housing work (index at 39.6) Aside from the lockdown-related fall in house building, the rate of contraction was the fastest since April 2009. decreased at the steepest pace since May 2020. A large blot on the landscape was the fall in employment growth.

Housing 103
article thumbnail

5 Tips to Prepare for the Next Economic Recession

Construction Business Owner

Big businesses like banks and car manufacturers got the most publicity. According to the Harvard University Joint Center for Housing Studies, just over 50% of residential builders failed during the Great Recession, while profits for the surviv.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is it Better to Invest in Stocks or Housing? Americans Say Housing

Pro Builder

Is it Better to Invest in Stocks or Housing? Americans Say Housing. A new study from the Federal Reserve Bank of New York found 90% of Americans prefer owning their primary residence than investing in the stock market. cbroderick. Wed, 04/07/2021 - 09:01.

Housing 98
article thumbnail

Subbies left unpaid by developer Empire Property Concepts

Construction Enquirer

Doncaster based residential developer Empire Property Concepts Ltd went into administration owing suppliers and subcontractors more than £500,000. Empire Property Concepts Ltd changed its name to MCIOD Limited days before Metro Bank called in the administrators.

Banking 100
article thumbnail

Plans in for 4,800 homes Manchester new town

Construction Enquirer

Urban renewal joint venture Far East Consortium and Manchester City Council have finally submitted plans to create a new town in the Red Bank area of the city. The plan, which also includes 160,000 sq ft of commercial and community facilities, is one of the largest residential schemes to be brought forward in the city in recent years.

Plans 107
article thumbnail

Residential projects: 5 mistakes project managers don’t know they are making

Lets Build

Many project managers in repetitive residential projects tell us that they have to spend up to 50% of their time each week on planning. Most of the people on the field are already using their smartphones on a daily basis to check their mobile banking or stay up to date on the latest news of their favourite sports team.

article thumbnail

Brick giant to cut jobs as housing still in doldrums

Construction Enquirer

Forterra has started a round of job cuts as a predicted recovery in the housing market fails to materialise. The brick giant mothballed its Howley Park factory earlier this year in a £10m cost-cutting drive as the residential market slumped. last time.

Housing 51