New construction is down and holding back growth in much of the world. This is as true in the UK as it is in the United States and in other parts of Europe. But, even in these bleak times, there are bright spots. If you're enterprising enough to take advantage of them, your business can still do well. In this article we will look at where the opportunities are, and what is down trending so that you can make good decisions about where to put your efforts and your business.
There are some bad spots in the UK construction sector. Housing has seen a 24% decline, education building projects a 23% decline, and public works projects have seen a 7% decline from last year (2010). While this news seems depressing, it is not surprising. The economy is still on very shaky ground with the euro zone debt crisis and a shaky US economy. Although this side of the numbers is not great, there are definitely bright spots in the construction trade.
It seems that there's always a silver lining in every cloud. In the construction industry it comes in the form of social housing and medical construction. Social housing is up a whopping 19% and medical construction is up 17%. These are pretty impressive numbers, but shouldn't surprise us. It is no surprise that at a time when the economy is shaky social housing starts are up. Also, our aging population means more and more medical care, so the medical facilities make sense as well. In addition to industry, construction can also be divided by area. The Southeast, Southwest, and West Midlands have all experienced the good amount of growth in the last year.
This means that if you are in the construction business there is a bright spot. There are places where growth is happening, and you may want to consider rethinking your business to take advantage of these opportunities. If you have employees, most will be willing to retrain in order to meet the needs of the new construction opportunities. Just like always, in most struggles there lies opportunity.
Owning a business during challenging economic times can be frightening and frustrating, but there is always opportunity for those who are willing to take it all. Right now in the UK that opportunity is in social housing, and medical projects. These are the bright spots in the construction trade at the moment.
There are some bad spots in the UK construction sector. Housing has seen a 24% decline, education building projects a 23% decline, and public works projects have seen a 7% decline from last year (2010). While this news seems depressing, it is not surprising. The economy is still on very shaky ground with the euro zone debt crisis and a shaky US economy. Although this side of the numbers is not great, there are definitely bright spots in the construction trade.
It seems that there's always a silver lining in every cloud. In the construction industry it comes in the form of social housing and medical construction. Social housing is up a whopping 19% and medical construction is up 17%. These are pretty impressive numbers, but shouldn't surprise us. It is no surprise that at a time when the economy is shaky social housing starts are up. Also, our aging population means more and more medical care, so the medical facilities make sense as well. In addition to industry, construction can also be divided by area. The Southeast, Southwest, and West Midlands have all experienced the good amount of growth in the last year.
This means that if you are in the construction business there is a bright spot. There are places where growth is happening, and you may want to consider rethinking your business to take advantage of these opportunities. If you have employees, most will be willing to retrain in order to meet the needs of the new construction opportunities. Just like always, in most struggles there lies opportunity.
Owning a business during challenging economic times can be frightening and frustrating, but there is always opportunity for those who are willing to take it all. Right now in the UK that opportunity is in social housing, and medical projects. These are the bright spots in the construction trade at the moment.
No comments:
Post a Comment