Our figure of the month: increasing backlog in the construction sector
The backlog in the construction sector, i.e. the work under construction at the end of the year, has been increasing by 41% over the last five years. This stands for a total of 140 thousand dwellings. On the same time the number of future workers, that is the number of apprentices in the construction sector, has been declining by 17%.
Having in mind the current high net migration the demand for dwellings is likely to grow even further. The amount of work under construction will hence coninue to increase.
Other figures can be found here.