Bright Future for the Construction Sector

One of the UK’s largest building distributors, SIG, has reported a rise of 3.9% in sales of building materials for the construction industry. The positive news comes as the demand for contractors, builders and construction companies continues to rise due to a return in confidence in the housing market.

Growth figures are considered to be a result of improved trading conditions and recent government investments aiming to boost the building construction sector.

The government made the announcement this week to help up to 100,000 people in England buy their own homes. The recent scheme,‘NewBuy’, will further increase demand for new build homes and unlock the housing market, Prime Minister, David Cameron said on Monday.

SIG’s pre-tax profits reached £81.7 million when the group is planning to open more than 15 new branches in the future. The current housing shortage in the UK is expected to encourage building of more new homes as well as increase employment across the construction sector.

Chief Executive at SIG, Chris Davies, thinks that despite the current uncertainties in the macroeconomic environment the company will continue with its positive performance.

Mr Davies said: “We enter 2012 as a much leaner, stronger and more focused organisation. Sales per day in constant currency so far this year were around 1% ahead of strong prior year comparators, despite the impact of severe weather across mainland Europe in February this year.”

What is your reaction to the improved sales figures of SIG, suggesting that the construction sector is better now off than it used to be a few years ago?  Share your thoughts by leaving a comment on Train4TradeSkills’ Facebook and Twitter pages:

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Posted on March 14, 2012, in construction jobs, construction news, David Cameron, Government, Housing Scheme, Infrastructure, t4ts, train4tradeskills and tagged , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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