a.aa MMC M11 52pp Web
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
news<br />
UK housing market faces challenging 2019, warn experts<br />
The UK housing market is unlikely to see much change in 2019 with a continuation of weakening sales activity, according to the RICS UK<br />
Residential Housing Forecast 2019. The UK housing market has lacked impetus in 2018, having continued to struggle with a lack of homes on<br />
estate agents books; affordability issues; uncertainty caused by Brexit; and prospective interest rate rises.<br />
Looking ahead, it is unlikely that sales will grow in 2019. In the past two years, sales activity has declined, and annual completed transactions remain<br />
significantly below the 1.7million high reached in 2006. Given the obstacles in the current market it is anticipated that activity will weaken further.<br />
As sales activity continues to falter, house price growth will continue to fade in the first half of the year and is expected to come to a standstill by<br />
mid-2019. As such, the RICS Housing Forecast 2019 suggests prices will neither grow nor fall in the near future (0%).<br />
The stagnation of house prices is underpinned by the lack of new properties being listed for sale. In the second-hand market, not enough properties<br />
have been listed to replenish those sold. This has been evident in the RICS data throughout 2018, as average stock levels remain near all-time<br />
record lows. The number of new properties being listed for sale has fallen consistently, and in November, almost half of survey participants reported<br />
the number of market appraisals undertaken over the month was down on the year before. All these indicators suggest it is unlikely that the coming<br />
months will see a marked increase in supply across the second-hand market.<br />
Saint-Gobain acquires SIG<br />
Roofspace to deliver more<br />
off-site manufactured<br />
solutions for housebuilders<br />
Saint-Gobain UK & Ireland completed the acquisition of SIG<br />
Roofspace Solutions on the 14th December 2018.<br />
The business, set-up in 2008 provides a turn-key panelised roofing<br />
and room-in-roof solution to house builders.<br />
Mike Chaldecott, Saint-Gobain UK & Ireland CEO said "We're delighted<br />
to welcome Roofspace to Saint-Gobain. They are a great business that<br />
provides solutions to customers that saves them time and streamlines<br />
the construction process. We know that the construction industry has<br />
to be more efficient, more productive, more innovative and embrace<br />
off-site manufacturing. Roofspace are already offering customers<br />
these benefits and have delivered roofs for over 2,500 new build<br />
homes in the last year".<br />
"Roofspace further accelerates our capability to serve the rapidly<br />
expanding off-site manufacturing sector adding to our expertise which<br />
already includes our Pasquill business, and their timber roof-trusses,<br />
Scotframe's timber-frame houses and Saint-Gobain steel-frame<br />
systems".<br />
SIG Roofspace Solutions will now be known as Roofspace.<br />
Slower rise in commercial<br />
work weighs on construction<br />
growth at the end of 2018<br />
UK construction firms indicated a disappointing end to 2018 as<br />
business activity growth eased to a three-month low and new orders<br />
expanded at a relatively subdued pace. The main bright spot was a<br />
sustained rebound in civil engineering activity, which rose at the<br />
fastest pace since May 2017.<br />
Business optimism also picked up in December. The degree of<br />
confidence was the highest since last April and well above the near<br />
six-year low seen in October. Survey respondents cited hopes of a<br />
boost to growth from work on big-ticket transport and energy<br />
infrastructure projects in 2019.<br />
At 52.8 in December, down from 53.4 in November, the headline<br />
seasonally adjusted HIS Markit/CIPS UK Construction Total Activity<br />
Index posted above the crucial 50.0 no-change value for the ninth<br />
consecutive month.<br />
Anecdotal evidence suggested that subdued demand conditions<br />
were the main factor behind softer output growth in December.<br />
There were also some reports that unusually wet weather had acted<br />
as a brake on construction work.<br />
Intelligent systems will help UK transition to clean and<br />
affordable energy<br />
New small-scale renewable electricity providers to be guaranteed payment for excess electricity supplied to the grid under new government<br />
proposals – protecting consumers from unfair costs associated with current scheme. Plans for Smart Export Guarantee could build a bridge to the<br />
smarter energy system of the future, which can help unlock technological innovations like home energy storage and more efficient electric vehicle<br />
charging. Households and businesses installing new solar panels will be guaranteed payment for power provided back to the grid under government<br />
proposals set out this week to unlock the smart energy systems of the future- an important upgrade to the current Feed-in Tariffs scheme.<br />
The proposed ‘Smart Export Guarantee’ (SEG) would replace the existing ‘Feed-in Tariff’ scheme (FIT), with electricity suppliers paying new small-scale<br />
energy producers for excess electricity from homes and businesses being put back into the energy grid. The new scheme could create a whole new<br />
market, encouraging suppliers to competitively bid for this electricity, giving exporters the best market price while providing the local grid with more<br />
clean, green energy, unlocking greater choice and control for solar households over buying and selling their electricity.<br />
4<br />
Feb 2019 <strong>M11</strong>