On Richard Carr’s blog today, he reports on the current positive outlook within the construction industry following the latest RICS market survey.
Workloads on the rise
According to the latest market survey from the Royal Institution of Chartered Surveyors, construction workloads in the UK rose during the final quarter of 2014.
However, the rise in work has left the shortage of bricklayers at a record high.
Over 50% of the survey’s respondents reported a workload increase in the commercial sector during the final quarter of last year. The results made it four consecutive quarters of workload increases of 50% or more.
Sector growth being restrained
Despite these consecutive growths within the industry, respondents said that material shortages, skill shortages and financial constraints were restricting further growth in the sector.
Almost 50% of respondents reported on labour shortages across all the main trades, which was at an all-time high.
Despite the fears of the upcoming general election stalling the housing market, confidence remains high from respondents that workloads will continue to rise during the year. 3.4% of workload growth is being forecasted, whilst jobs within the sector are expected to rise by 3%.
The challenge the industry now faces is being able to provide more skilled labour, which will lift the financial constraints. Since 2013, there has been a particular shortage of bricklayers and quantity surveyors.
Stop the creation of unnecessary skills
Richard Carr believes that the signs for development and construction firms are promising, however building costs are showing the acute shortage of skilled labour.
He added that it is time for universities to have course quotas to stop the creation of unnecessary skills that aren’t helping the economy.
About Richard Carr
With over three decades of experience in the Leisure and Hospitality sectors, Richard Carr has developed a broad range of skills and qualities.
Richard’s work now focuses on the commercial and residential development sector; he uses his expertise and experience to maximise the potential for clients, providing added value.
Richard now works for Jacob Carr Homes Ltd, a vehicle owned by his eldest son’s trust, he acts and assembles development sites in the Poole area as well as acting for high net worth individuals.