Building Sites Busy

[nod]

There was a a real lull from May to August Many large house site where just ticking over Sites are very busy again with agency trades  back on site 

Im not really sure what caused this and what has really changed Cost of living still high Interest rates haven’t changed much 

Perhaps people where just waiting for the outcome of the  election 

Liz Truss effect 

I stated at the time that it was a good time to find builders and trades 

Maybe not so now 

[MikeGrahamT21]

Yeah definitely election anxiety, keeping money in the pot in case some shock outcome had come true, I too have seen it in the education sector, being an IT engineer is usually a very busy time over august holidays, but not so for us this year

[Alan Ambrose]

^{Maybe the combination of house prices ticking up, mortgage rates ticking down and reasonablly quiet politically for the forseeable.}

[ProDave]

11 hours ago, MikeGrahamT21 said:

Yeah definitely election anxiety, keeping money in the pot in case some shock outcome had come true

I thought that shock outcome HAD come true and people are now tightening their belts nervoulsy awaiting the budget to find out how much poorer they are going to be?

 

Local house builder here has SHUT one of his sites because the houses on the first site are not selling quick enough.

[ToughButterCup]

A6 Corridor Development Area round by us is starting to wake back up again @nod.

One busy-ness indicator is to try and get a B+B in the neighbourhood. When the sites are busy, you can't get a bed : and when its not so busy - fairly easy. With one exception - the B+B near us. Talk about posh...... I know where I'm going if SWMBO kicks me out. 

[MikeGrahamT21]

4 hours ago, ProDave said:

I thought that shock outcome HAD come true and people are now tightening their belts nervoulsy awaiting the budget to find out how much poorer they are going to be?

 

Local house builder here has SHUT one of his sites because the houses on the first site are not selling quick enough.

For us maybe, but for businesses a shock outcome would be anything other than labour and conservative, they can mostly guess the policies of the two major parties

[ProDave]

3 hours ago, MikeGrahamT21 said:

For us maybe, but for businesses a shock outcome would be anything other than labour and conservative, they can mostly guess the policies of the two major parties

And you have to guess them as they bear no relationship to their manifestos.

[saveasteading]

27 minutes ago, ProDave said:

they bear no relationship to their manifestos.

because, whatever the government wants, the developers and landowners can control the market.

[Marvin]

Building sites may be busy but insolvencies in construction are rampant:

 

https://bcis.co.uk/news/construction-insolvencies-latest-news/

 

Lots of consolidation also happening...

 

https://www.constructionnews.co.uk/financial/ma/?block_id=3

 

 

I am impressed with the ability of borrowers to afford the mortgages and I hope they continue to do so however.....

 

https://www.credit-connect.co.uk/news/value-of-mortgages-in-arrears-hits-21-9bn/

 

Time will tell.

 

I wish you all luck

 

Marvin

[DannyT]

Not too busy in the midlands. Sites have one gang of Bricklayers where normally have 2 or 3.

Subbys have cut our rates and been told to be thankful of a job. I was on more a thousand 10 years ago than I am now.

Cost of living going up and up. Wages down.