Featuring: Construction forecasts – D Noble Francis, Construction Products Association Priorities for the future Government – Abdul Choudhury, RICS Policy Team Tuesday 10 March 2015, 1800 for 1830 start, London Capital Club
This event brings together two related presentations about the short-term and medium-term future of construction in London.
The first topic will be a presentation of the industry-wide workload forecasts put together by the CPA. This will give the CPA’s view of workload in different sectors over the coming years. This will be presented by Dr Noble Francis, Economics Director at the Construction Products Association and will cover forecasts for a wide range of industry sectors including housing, commercial, infrastructure as well as the impact of the general economic background.
The second presentation will be a review of the twelve recommendations that the RICS would like the next UK Government to address in relation to the construction industry, based on the views and insights of a wide range of RICS members. This will be presented by a Abdul Choudhury of the RICS Policy Team.
https://drive.google.com/file/d/0ByEv1naKgV4sT1VrdlNTMlhnd0U/view
Hosts:
http://www.londonconstructingexcellence.org.uk/
http://www.eventbrite.co.uk/o/london-constructing-excellence-club-lcec-1742760522?utm_source=eb_email&utm_medium=email&utm_campaign=event_reminder&utm_term=orgname&ref=eemaileventremind
http://www.twitter.com/londoncapclub
Our Speakers:
https://www.linkedin.com/in/fnoblefrancis
http://www.constructionproducts.org.uk/about-us/what-we-do/
http://www.rics.org/uk/about-rics/contributors/abdul-choudhury/
On my way to @londonceclub 'PRE-ELECTION SPECIAL' with @NobleFrancis + @RICSnews @LondonCapClub #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
@EEPaul @SuButcher @LondonCEClub not Chatham House rule. Happy for you to tweet.
— Noble Francis (@NobleFrancis) March 10, 2015
This is what @NobleFrancis will be speaking about #lcecPE @LondonCEClub pic.twitter.com/MypVWDdNw6
— Su Butcher 💚 (@SuButcher) March 10, 2015
Simon Cash announces first site visit for the year. See website for more information http://t.co/1Fov20bXMj #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
Representing the Construction Products Association @NobleFrancis starts with an overview of UK economy #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
Noble works for Construction Products Association follow at @CPA_Tweets they cover 20,000 companies and over 1/3 construction output #lcecpe
— Su Butcher 💚 (@SuButcher) March 10, 2015
#lcecPE There have been 8 consecutive quarters of GDP growth, but the problem is its been dominated by services. Manf and const well down
— Su Butcher 💚 (@SuButcher) March 10, 2015
#lcecPE We've been running a UK trade deficit since 1999. This should start to reduce as we move to faster growing economies
— Su Butcher 💚 (@SuButcher) March 10, 2015
@NobleFrancis must have been in #ACSS406 economics lecture. Same slide identitying how construction responded to downturn #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
#lcecPE 'What is important is not BRIC countries but Indonesia, Mexico'
— Su Butcher 💚 (@SuButcher) March 10, 2015
#lcecpe We're expecting 2.6% growth this year and 2.7% the following year.
— Su Butcher 💚 (@SuButcher) March 10, 2015
@NobleFrancis highlights nobody has a clue what is going to happen to the oil price #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
#lcecPE 'Anyone who tells you they can forecast oil prices is making it up'
— Su Butcher 💚 (@SuButcher) March 10, 2015
Political concerns are influencing oil prices says @NobleFrancis #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
Fall in the oil price produces a slowing in inflation. Bank of England isn't under such pressure to raise interest rates #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
'We're looking at the end of next year before interest rates begin to rise' @NobleFrancis at #lcecPE rates will affect consumer spending
— Su Butcher 💚 (@SuButcher) March 10, 2015
The level of interest rates shouldn't be an immediate concern, apart from a rise could impact consumer confidence #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
.@Bonn1eGreer Latest forecast for the UK General Election in May by @ElectionsEtc. #GE2015. http://t.co/dREUGwouNb pic.twitter.com/VoCTu8hXWj
— Noble Francis (@NobleFrancis) March 6, 2015
The election outcome could cause a 'significant haitus in getting things done' #lcecPE #ukconstruction
— Su Butcher 💚 (@SuButcher) March 10, 2015
We are looking at consistent growth over the next five years, led by housing, commercial (offices) and infrastructure #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Key concerns about election result are a coalition that collapses after 6 months or fails to collaborate and just squabbles #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
Francis says there has been a chronic housing undersupply for the last 30+ years #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
We have a chronic under supply of housing and we haven't been building enough says @NobleFrancis #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
We are building 1/3 of the housing in the peak and half the housing we need says Francis. #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
'Government talks about 'affordable housing' at 80% of market rent in London. That's not affordable. #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
£10,000 deposit & £1,560 monthly rent. It can only be #London.
h/t @LizziePaton#ukhousinghttp://t.co/2VH0e7GuDl pic.twitter.com/dYQAlhcpAY— Noble Francis (@NobleFrancis) March 9, 2015
https://twitter.com/HowardToplisGSG/status/575567927321235456
“@SuButcher: Collapse in public housebuilding #lcecPE pic.twitter.com/4b7nceCpwc” it's a concern that needs addressing by everyone
— Mark Noakes (@MarkRNoakes) March 11, 2015
Government no longer talks about public housing, just affordable housing. In 80s, public sector used to build half of units #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
We've lost around 10,000 SME housebuilders, which is around 100,000 houses a year – @NobleFrancis at #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
The major housebuilders tend to have 5-10 years of land with planning consent 'but I'm not suggesting they are landbanking…' #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
We had 18% growth in private housebuilding last year. It will fall to 10% this year (and the election etc will affect it) #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
@NobleFrancis summasing about the political and accounting strategies of major housebuilders #landbanking etc #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
The major housebuilders think they'll be building 140-150k houses this year. This isn't enough – we need SME housebuilders #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
SME Housebuilders will make a comeback, but it won't be as fast as we need them says Francis #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Within the first 6-9m of purchasing a property you do improvements – this produces a delay on RM+I growth on private housing #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Private Housing RMI is approx. £14bn pa and related to housing completions. #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
#ECO is 'government's attempt to blame energy companies for everything' #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
The energy debate has been heavily skewed in the last two years. The ECO money has spread out constraining the sector #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Govt using energy and green deal to influence growth in housing rmi sector, but have just halved future spend! #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
#psbp and #ps2 are driving growth in education construction works #lcecPE pic.twitter.com/NfN2jlsm8A
— Su Butcher 💚 (@SuButcher) March 10, 2015
Regional activity is driving demand for floorspace and feeding through into projects in the office market #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
In retail, outside the south east the majority of work is small urban developments and fitout work. Supermarkets are consolidating #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
In retail we'll have 5% growth but we won't get back to the pre-recession peak within the next three years says Francis #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
In 2013 49% of our energy supply was imported says Francis. In a few years we'll expect continual double digit growth #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Our next speaker is Abdul Chaudhury from @RICSnews on the Property in Politics campaign https://t.co/aigk7LpMxp #lcecpe
— Su Butcher 💚 (@SuButcher) March 10, 2015
Abdul Choudhury representing @RICSnews up next looking at keys issues in infrastructure, construction and housing #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
The @RICSnews is aiming use its influence to provide solutions for government to the property challenges of today #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
The shifts are from public to private sector driven construction, local economic geographies and a switch from grant to loan culture #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
'Whether its London or the northern powerhouses, government is focusing on city growth' #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
https://twitter.com/howlin32/status/575374946152681472
Abdul talking supply and demand, fundamental economics #ACSS406 #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
. @RICS is asking political parties to focus on local growth devolving responsibility for housing/infrastructure delivery to regions #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
http://www.rics.org/uk/footer/property-in-politics/
http://t.co/N1hxllXWYe
http://www.rics.org/Global/Property-in-Politics.pdf
In Housing, @RICSnews calls on future government to implement new development delivery units and housing zones #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
One of @RICSnews #PropertyinPolitics recommendations is to introduce 'Amberfield' – planning class between greenfield & brownfield #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Quite. RT @howlin32: @SuButcher in the meantime us rural business can not even get a mobile signal lol” #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
"Adoption of up to date local plans should be made compulsory' #lcecPE Well that would be nice but why don't LPAs do it? @RICSnews
— Su Butcher 💚 (@SuButcher) March 10, 2015
A large number of @RICSnews members are SMEs. This is one reason for them recommending a National Procurement Framework #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
@RICSnews calling for national procurement framework to drive efficiency and confidence across construction sector #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
The @RICSnews also want a single 'Construction Finance Hub' to provide a simpler platform to access finance (but not crowdfunding) #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Whilst not crowdfunding @RICSnews is interested in Peer-to-peer lending. #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Anyone seen the RICS #PropertyinPolitics recommendations and have a view on them? #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
The @RICSnews also wants to promote 'Olympics Style' Infrastructure Delivery Partnerships #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Here's link to @RICSnews property in policy recommendations:http://t.co/McFnhrI5Z9
#lcecPE— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
From the floor – how to get SMEs back into housing? Whilst everyone wants to show willing, they are just naming 'random' targets #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
The Lyons review said we need 240,000 homes a year in England but that we should only build 200k homes a year… #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Can anything be done to stimulate SMEs? They work off cashflow. Improve short term lending from financial institutions says Francis #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
SMEs in #UKhousing need improvements in planning, lending & helping them if the market falls says Francis #lcecPE Make market less volatile
— Su Butcher 💚 (@SuButcher) March 10, 2015
In 2008 over 50% of social housing was provided through S106 agreements so collapsed when it should have been growing says Francis #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
The business model needs to change for the major housebuilders, they need to make money from building houses says Francis #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
@SuButcher or someone else does
— Steve Thompson (@SGThompsonBIM) March 10, 2015
@SGThompsonBIM yes but SMEs have other problems. And there is political vested interest in keeping house prices excessively high #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
@SuButcher agreed on both counts, new additional models required
— Steve Thompson (@SGThompsonBIM) March 10, 2015
All the arguments about setting up committees, charters, even brownfield vs greenfield is irrelevant in medium term says Francis #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
I don't think the @RICSnews strategy to devolve responsibility locally will produce more housebuilding, without more resources #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Suggestion from the floor that the local planning system should be privatised #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
https://twitter.com/Zirconencrusted/status/575381519423967232
@SuButcher Suggesting that public interest is only a financial interest, surely?
— Leon Black (@DrLeonBlack) March 10, 2015
. @DrLeonBlack More that it would take pressure off planning depts. Personally I favour resourcing them properly #planning #lcecpe
— Su Butcher 💚 (@SuButcher) March 10, 2015
Prime question to ask a politician is'should house prices go up or down?' Do they want significantly more building? Its what we need #lcecpe
— Su Butcher 💚 (@SuButcher) March 10, 2015
The political parties are all saying they want to increase housebuilding though the dates they want it by are somewhat wooly #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Skills Crisis – short term there is significant issue – 70% of building contractors say difficulty recruiting bricklayers #lcecPE
— Su Butcher 💚 (@SuButcher) March 10, 2015
Wage increases short term will attract people in but we've lost 350,000 people from construction over the recession #lcecpe
— Su Butcher 💚 (@SuButcher) March 10, 2015
https://twitter.com/howlin32/status/575385098931011584
https://twitter.com/howlin32/status/575385624917721088
@howlin32 that's how I'm not an architect. Six years study and work and nowhere to do my finals #bonkers #ukconstruction
— Su Butcher 💚 (@SuButcher) March 10, 2015
@howlin32 @SuButcher can't make it up really. Crazy
— Gareth Kinsella (@GarethKinsella2) March 10, 2015
@SuButcher reading all these tweets from the vantage of post boom Ireland, it all seeems so drearily familiar. Good luck with the crash!
— FORMarchitecture (@form_architect) March 10, 2015
@form_architect sounds like nothing much of real significance is going to change for a while #thatspolitics #lcecpe
— Su Butcher 💚 (@SuButcher) March 10, 2015
https://twitter.com/howlin32/status/575387921093640194
Very interesting debate at #lcecPE tonight, wish I didn't have to dash off and catch a train
— Su Butcher 💚 (@SuButcher) March 10, 2015
Thanks to @NobleFrancis for an insightful talk about the UK economy and views on impact of election @LondonCEClub #lcecPE
— FlippedAcademic 🇺🇦 (@Rob_Garvey) March 10, 2015
Excellent #lcecpe tweets from @subutcher et al tonight. Some great @noblefrancis soundbites too. Top stuff.
— Paul Wilkinson (@EEPaul) March 10, 2015
If you found todays #lcecPE event interesting do follow @NobleFrancis for the daily dose of realism (and @LondonCEClub for great events)
— Su Butcher 💚 (@SuButcher) March 10, 2015
Thank you to @NobleFrancis @CPA_Tweets & Abdul Choudhury @RICSnews for an enlightening strategic 'Pre-Election Special' last night. #lcecPE
— London Constructing Excellence Club (@LondonCEClub) March 11, 2015
Details of future LCEC events here:
http://www.eventbrite.co.uk/o/london-constructing-excellence-club-lcec-1742760522?utm_source=eb_email&utm_medium=email&utm_campaign=event_reminder&utm_term=orgname&ref=eemaileventremind
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