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.”
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Posted on March 14, 2012, in construction jobs, construction news, David Cameron, Government, Housing Scheme, Infrastructure, t4ts, train4tradeskills and tagged Brighter future, builders demand, building construction sector, building contractors, building materials, Chief executive officer, confidence, construction, construction industry, david cameron, Economic growth, England, Facebook, housing market, increase employment, Prime minister, Real estate economics, SIG, train 4 trade skills, train4tradeskills news, Twitter. Bookmark the permalink. Leave a comment.