The Construction Product Association (CPA) has predicted a growth of 4.3% for the construction industry during 2022.
This comes on the back of the growth of 13.4% seen in 2021 when the construction industry rebounded from the initial covid lockdowns.
The winter forecast showed the house-building sector will remain stable and the infrastructure sector is expected to be a major driver of growth.
Although product supply issues throughout 2021 recently began to ease, the CPA warns this could still cause issues for smaller companies in peak periods such as the spring months.
Private housing is forecast to rise by 3.0% in both 2022 and 2023, with suggestions that the double-digit inflation seen in the housing market will fall following the end of stamp duty and restrictions on the help to buy scheme.
The forecast indicates infrastructure will remain the main driver of growth for 2022, due to a five-year spending plan within regulated sectors of rail, water, roads, and energy, allowing for activity to continue.
With this expected growth and vacancies within construction reaching record highs at the end of 2021, this is a key opportunity for industry professionals to seek progression and a great time to make a first step into a thriving sector.