Construction industry rises at fastest rate in 20 years
47% of surveyor’s are expecting to see an increase in profits next year and 58% ore respondents expect to take on more people due to heavy workloads.
However, shortage of skilled laborers, access to finance and a struggle to source materials were identified as the key reasons for hindering building activity.
Eric Holland, Director of Construction, Now Careers, said: “The surge in the construction market is no doubt positive, but it remains highly concerning that we are still struggling to supply skilled individuals to support projects on site.
“The value of these laborers should not be underestimated, without skilled FLT’s, bricklayers and laborers, no project can begin to get underway. With the ongoing developments that we have in the Birmingham area, these individuals are most definitely in demand.
“We have already seen that employers are negotiating with pay scales in order to secure skilled workmen for their sites, and if the drought remains this will only continue.”
The lack of bricklayer’s available has become an issue with 71% of respondents struggling to locate enough bricklayers to meet demand of projects.
The survey found that growth was catalysed by private housing and commercial projects and prospects for continued growth next year remain positive.
According to the UK Department for Business, Innovation and Skills report, July 2013, the construction sector contributes almost £90 billion to the UK economy, and accounts for approximately 10% of total UK employment.