Latest report: Spring 2024
Assessments of the construction industry suggest that there has
been a significant contraction in 2023. 2024 may see a better
performance, if not overall growth.
Throughout 2023, the housing sector performed very poorly as
rising interest rates dampened the market. There are early signs
the sector is improving.
Interest rates have stabilised. Inflation is falling, increasing the likelihood of interest rate reduction.
About the RIBA economic reports
This economic report brings together information from a range of primary sources. It aims to help practices place their work within the wider economic context.
The RIBA economic report provides summarised information about the current and future:
- UK economy
- construction output
- architectural workload
Download the report below.
You can also join our RIBA Economics Panel: How to find the sweet spot in a recovering economy on 23 May.
