What's New

October 2019 - UK Housebuilding in Q3 2019: Halloween and beyond
Here, we dip into Agatha Christie's lexcion for what was a real page turner of a Q3; and one filled with anticipation of an orderly Brexit. The British Pound versus the Euro is a barometer of the latter; and housebuilders' share prices are, in turn, joined at the hip with this exchange rate.  See Papers

 

August 2019 - Israel Nash
The entire staff of Building Value's Swedish office went to this one in Karlstad, central Sweden on a hot August night. Israel was in viseral form, too, and we got to hob-nob with him afterwards. It doesn't come much bigger or better. See him if you can on the next tour; and he goes everywhere.
June 2019 - UK construction bolstered by infrastructure and housing through 2021

Experian, where Building Value is an advisor, has updated its forecasts for UK construction output by way of summer fare. Last year was just in positive territory (+0.3%) and the number for 2019 is +0.9% with +2.0% for 2020 and +2.8% for 2021 - all assuming an orderly Brexit. Infrastructure and Housing are the the big winners with £5.3 billion and £4 billion of new work expected, respectively, over the forecast period (ex-inflation). Meantime, Commercial Building is the big loser with a deficit of £3.4 billion over the same period.

June 2019 - European construction output is forecast to grow at an average 1.6% per annum through 2021

The latest Euroconstruct Conference, the 87th, was held in Rome in June (lucky for some). It promulgates construction output forecasts for 19 nations and - for these combined - overall real growth is modest at 1.9% this year, 1.5% in 2020 and 1.4% in 2021. From the Big Five, Spain (+3.8% average per annum in 2019 through 2021) leads the way - with support from the UK and the Italy. Meantime, Germany and France turn negative over the piece. Of the smaller nations, Portugal, Ireland, The Netherlands, Belgium and Norway are all doing well. More broadly, in Central and Eastern Europe (here represented by Poland, Hungary, Czechia and Slovakia) growth continues to be exponential with a forecast 7.4% this year, followed by 3.9% next and 4.9% in 2021 (with Czechia the only laggard).

March/April/May 2019: a musical spring

Building Value en masse saw Keith Urban ('Mr Nicole Kidman') in concert at the O2 Forum in Kentish Town and he shot out the lights. Beg, borrow or steal a ticket next time he comes around. More sedate but lovely - and full of nostalgia - were UB40 at the O2 Arena in April. it was a magical evening; and we met Astro. Nostalgia encore, too, with Daryll Hall & John Oates at Wembley, followed by sublimeness extraordinaire on four legs with Madison Violet in a room above The Queen's Head in Islington.

January 2019 - BVL UK Construction & Building Sector Index 2006 to 2017

Our Index provides a unique analysis of the publicly-listed UK construction and building industry over the past 13 years. It shows that in 2018, the Index, which comprises 75 companies, dropped 22.1% in value to £74.4 billion. This is the worst fall since 2008 at the commencement of the Global Financial Crisis. Individually, NMCN plc was the runaway winner with an extraordinary 58% gain whilst Carillion and Havelock lost 100% of their value with support from Interserve on minus 89%. See Papers

November 2018 - a musical autumn

The double bill to end all double bills took place at the O2 in November with The Steve Miller Band and John Fogerty (ex-Creedence Clearwater Revival) and the BVL Board was humbled to be there. Both band leaders are 70 plusers and were breath-takingly good. This was followed by Israel Nash at a tiny venue near Kings Cross - the boy is such a star (in everything that is good about that) and the incandescent Lera Lynn at the Zonnehuis in Amsterdam - and the Board met her after the show. 

September 2018 - Biffy Clyro unplugged RAH

There is only one thing better than Biffy Clyro in concert - electric - and that it Biffy Clyro unplugged. Indeed, it was a magical night at the Royal Albert Hall and a celebration of the band's work; the crowd, including the full BVL Board, knew every word of every song. Marvellous. 

January 2018 - Tony Williams of Building Value ranked Number One

Tony Williams was ranked Number One in Building & Construction in the annual Research Tree Analyst Rankings 2017.

November 2017 - BVL interviews Tony Pidgley of Berkeley for The Property Chronicle

An audience with the great man is a true occasion and he was on fine form. For example: what would like to hear God says when you arrive at the Pearly Gates? "I'll do anything you say, Tony". See Papers

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