Budget jitters see construction forecasts plummet

Budget Jitters Impact Construction Forecasts

Construction output growth is now forecast to be 1.1% in 2025 and 2.8% in 2026, down from previous predictions of 1.9% and 3.7%, respectively.

Private housing output is expected to rise by 2.0% in 2025 and 4.0% in 2026, revised down from 4.0% and 7.0%.
Infrastructure output is expected to rise by 1%, with demand and affordability being major challenges.

Demand and affordability remain the biggest challenges in areas with higher house prices.

Author's summary: Construction forecasts plummet due to budget jitters.

Construction Enquirer — 2025-10-27