Share of the output of different construction segments in the UK 1997-2023

Housing and non-housing repair and maintenance were the segments with the largest construction output in the United Kingdom in 2023. Those two sectors together amounted to over 41 percent of the industry. Meanwhile, the output of new private housing construction amounted to 19 percent. The output volume of infrastructure grew during the past years, surpassing the construction of commercial buildings. A look at the construction output index for new private housing shows that output has been increasing following the years of the 2008 recession, and had a strong recovery after the COVID-19 pandemic. Construction GVA increasingAn increased output also translated into a growing contribution to the gross domestic product (GDP). In the third quarter of 2023, the construction industry had a gross value added of nearly 37 billion British pounds. That value reached a low point during the start of the COVID-19 pandemic. In comparison, the overall GDP of the United Kingdom was valued at over 2.27 trillion British pounds. Private housing construction expected to declineThe output of the private housing sector was forecast to decline by over six percent in 2024. However, that segment's output was expected to grow by 10.8 percent in the following year. The average price of houses in the UK has remained relatively stable in 2023, after a period of high growth.

住房与非住房维修与养护业在2023年英国的建筑产出中占据了最大的份额。这两个领域合计占据了整个行业的超过41%。与此同时，新私人住房建设的产出占比达到了19%。近年来，基础设施的产出量持续增长，已超越商业建筑的建设。观察新私人住房的建筑产出指数可见，自2008年经济衰退以来，产出一直在增加，并在COVID-19疫情之后实现了强劲的复苏。建筑生产总值的提升也转化为对国内生产总值（GDP）增长的贡献。2023年第三季度，建筑行业实现了近370亿英镑的毛增加值。这一价值在COVID-19疫情初期达到了低谷。相比之下，英国的整体GDP估值超过2.27万亿英镑。预计私人住房建设产出将在2024年下降超过六个百分点。然而，该领域的产出预计在次年将增长10.8%。在英国，2023年房屋的平均价格在经历了一段高速增长期后，保持相对稳定。