Press: Construction and property bouncing back as jobs surge
by Bregs Blog admin team
In the following Irish Independent article from 16th June 2014 the increase in construction activity in Dublin is discussed. Independent Article: “Construction and property bouncing back as jobs surge”– see article here
We previously discussed the uneven recovery currently ongoing as noted in a recent Construction Industry Federation (CIF) survey of market sentiment completed in May. This survey would also suggest that Dublin (in particular the commercial sector as noted here) is the main focus of increased activity. See previous post here. Quote from post:
“Some commentators believe this uneven increase in construction activity is due to this “spike” in commencement notice levels in advance of implementation on 1st March 2014, owners trying to avoid the new system. Many believe a “tender hole” will be created towards the end of the summer when the lower levels of commencements feed through the system and tenders for new work will dry up.
The official number of valid commencement notices on the Local Government Management Agency’s Building Register website is shown at 509- this is for a 3 month period to May 26th (source document BuildingRegister26thMay (7)). The average number for 3 months in 2013 was 1,863.”
It remains to be seen whether the new regulations will, as some believe, continue to restrict new commencements once the initial spike in commencement notices from January/ February has passed through the procurement system by the end of the summer.
Extract from “Construction and property bouncing back as jobs surge” to follow:
Construction and property bouncing back as jobs surge – Independent.ie-
CONSTRUCTION and property jobs have tripled in the last 12 months, according to one of the country’s biggest recruiters.
Hays found a three-fold increase in the number of jobs on offer within the sector in May 2014 in comparison to the same month last year.
Quantity surveyors, project managers, site engineers and property managers are particularly in demand. Property specialists, like surveyors and letting agents, are scarce on the ground, meaning they are in particularly high demand, the company said.
The findings add to a growing body of data that suggests employment in the construction sector is firmly in recovery mode. Ulster Bank’s Construction Purchasing Managers’ Index, an influential gauge of the industry’s health, reported that May data “re-affirms the recent view of a sector on the mend”.
“While we are still a very long way off the frantic activity of the pre-crash years, it is nonetheless encouraging to see positive signs of growth within construction and property,” said Mike McDonagh, Hays’ director of construction and property.
Commercial work is providing the bulk of jobs growth, the company said. But employment is also growing on the residential side, albeit at a slower rate.
In less positive news for the sector, a major hardware supplier has warned that the DIY tax incentive aimed at boosting residential builders and contractors is a Dublin-only phenomenon.
Hardware retailers outside of Dublin have been slow to benefit from the Government’s home renovation scheme, according to a survey by Associated Hardware, the Irish buying group, which supplies DIY outfitters like Woodies.
Four-fifths of its members said they did not believe that the tax incentive has impacted positively on trading within their businesses and the wider hardware sector.
“Although we welcome the scheme implemented by the Government, we do feel that it has a lot more to offer throughout the country, particularly outside of the greater Dublin region,” said Associated Hardware chief executive Paul Thompson.
“There is clear consensus that more needs to be done with the current scheme to stimulate greater uptake.”
Other posts of interest:
Press: Fears construction recovery will stall – click link here
CIF Construction Confidence Survey – click link here
Minister Hogan rejects Irish Times Article – click link here
Irish Times: Dramatic fall in number of buildings being started – click link here
BC(A)R SI.9- BCMS: “must do better” – click link here
Building Control Officers: Survey – click link here
Breg Snapshot Survey: BC(A)R SI.9 – click link here
Iaosb letter to Minister Hogan following his replies in the Seanad – click linkhere