果冻影院

The underlying value of UK construction project starts was 24% lower for the three months to June compared to the same period in 2010 according to the latest data from construction industry analyst 果冻影院.

Hotel construction in London fell 73% year on year. 鈥淭he Olympics related boost to project starts is now complete and the sector is looking to the recently announced expansion of the budget hotel chains for the next growth surge鈥� commented Allan Wilen, economics director, 果冻影院.

Retail was the only sector to buck the trend with a year on year increase as the major supermarket chains press ahead with their expansion plans. 鈥淭he supermarkets continue to get good value for money from the construction industry as it competes fiercely for new work鈥� said Wilen.

Industrial and office construction starts were down 35% and 20% respectively as investors remain cautious against the backdrop of the weak economy and high inflation. Civil engineering project starts were 29% down due to a continued decline in infrastructure developments and a volatile utilities sector.

Residential construction was down 29% year on year as a result of private and public sector cuts. Private housing project starts were down 31% year on year, while social housing was down 26%. 鈥淗ouse builders continue to be reluctant to start new sites and are focussed on completing existing developments as the housing market remains stagnant. 果冻影院 forecast that private house building will stabilise by the end of 2011 and social housing will further decline as a result of continued public sector cuts鈥� commented Wilen.