Sharp Falls for New Build and RMI in CPA Summer Forecasts
The CPA's economics team forecast construction activity to fall by 3.3% in 2026, driven by sharp falls in housing new build and repair, maintenance and improvement, as well as declines in commercial new build, offsetting continued growth in energy and water infrastructure, data centres and commercial refurbishment and fit-out.
Looking to next year, the CPA forecasts slight positive growth in most construction sectors is forecast, assuming no further major global and domestic disruptions, but the recent conflict has been the sixth major disruption in six years. As a result, the CPA suggests that further major disruptions cannot be discounted and may need to be assumed, even if firms will not be able to predict what the disruptions may be.
NFRC Members can download the full report here.
NFRC Members are also invited to attend a CPA webinar unpacking the forecasts on Wednesday July 29th, 11:00am to 12:00pm. Register here.