Commenting on the latest CIPS/Markit Construction PMI for April, Jan Crosby, UK head of infrastructure, building and construction, at KPMG said:
Commenting on the latest CIPS/Markit Construction PMI for April, Jan Crosby.
“It’s another positive month for the UK’s construction industry - boosted by renewed confidence in the private sector, a public sector wanting to get Britain building, and a booming housing market.
“We are increasingly hearing about supply constraints and inflation – a mix of global supply chain disruption, Brexit impact flowing through – including in labour markets - and increased demand as building accelerates.
“Continued demand is on the horizon from regionalisation, reconfiguring outdated offices, regenerating high streets and communities along with funding new infrastructure for a post COVID world – from warehouses for distribution to data centres and digital infrastructure. ESG is increasingly on agendas – be it energy efficient buildings or renewable energy and sustainable communities with affordable housing – all of which are in growth mode for good reason.
“Housing price inflation continues and will drive more to rent – helpful for the growing number of investors looking to deliver purpose built family housing for rent, but perhaps not for first time buyers who will be even more reliant on 95% mortgages if they are lucky enough to be able to find the money for the deposit.”
Notes to Editors
For media enquiries, please contact:
Tanya Holden, Deputy Head of Media Relations
About KPMG UK
KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff. The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020.
KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.