Combined builder-developers showing resistance to industry challenges
The ability of builder-developers to navigate the complexities of the current construction industry challenges has them well positioned to contribute to the sector’s recovery and growth, writes Paul Slijderink, Director, PGS Invest.
Construction insolvencies have soared in the recent years but there seems to be light at the end of the tunnel. (Image source: Shutterstock.com)
The construction industry has faced significant challenges since 2020, with a combination of Covid, supply chain disruptions, labour shortages, and rising costs creating a "profitless construction boom."
As of April 2024, there have been more than 2,100 construction company insolvencies
so far this financial year, raising concerns amid the current housing crisis.While it may appear the worst is over, Rawlinson’s construction cost update expects …
