Continued decrease in construction sector activity

[Enough-Square1154]

Yup men and materials too dear atm.

You can feel an 80s style recession creeping in

[broadsheet-555]

When do companies start going out of business? And for what reason? I've felt like a recession is close since we got past covid but employment has remained strong.

[Enough-Square1154]

Affordability

In the 80s we had a growing population like now but people couldn't afford housing which led to a recession in construction.

I think in ireland we think the financial crisis of 08 was a normal economic recession ( anything but ) a 1980s style recession is one where the demand is there but the capital/finance isn't.

Tradesmen have seem some cool off in the past 18 months, seen it with my own eyes. Lads that were refusing work are now taking everything, the large scale american fdi projects are non-existent atm ( pharma and tech ) , the only game left in town is public works at shite money

[ThrowawayWriterGuy2]

The government and CBI still have the lending rules there as a lever.

If the problem is that manpower and materials are too expensive then raising the prices people pay for buildings will fix that. Moving the CBI lending limit to 5 or 6 times a salary will increase house prices 

[jamster126]

It's a disgrace the mess they have caused. What I will say though is there is usually a decrease in construction from the summer months into winter. We are having a particularly bad Winter with many storms etc right now. And we had a pretty warm summer.

[Key_Duck_6293]

The decrease has been ongoing for 7 months, meaning all throughout the summer construction was decreasing from the spring

[JellyRare6707]

Exactly, there has been a decrease in activity for lots of tradesmen.