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Jan 3, 2012

Growth Figures for Private Sector Housing 2012


Forecast from The Construction Products Association

The Construction Products Association’s latest forecast published on December 29th 2011 predicts Private sector housing starts will grow by 29% between 2013 and 2015.

The forecast suggests that starts will rise by 2% in 2012 and then increasing consumer confidence and economic recovery in 2013 combined with the effects of the housing strategy will see starts increase sharply.

However the housing starts forecast is one of the few grounds for optimism from the CPA with overall construction activity predicted to fall 5.2% next year.

Commenting, Mike Leonard, Director of the MMA said “ This forecast assumes no intervention from our Government.

“The current outlook is not sustainable. Without an injection of funds to build thousands of social house we still see unemployment break the 3 million barrier, little or no economic growth and increased levels of homelessness.

“The coalition cannot survive the social and economic consequences of this, so I expect to see a major stimulus to provide the funds to build social homes in the 2012 budget.”

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