BuildLoan comments on today's ONS Construction Output data

16 April 2026

Raymond Connor, CEO of BuildLoan, said:

“Construction output is unlikely to pick up over the coming months, given disruptions to global energy supply and the subsequent impact on shipping routes, transportation costs and the manufacture of energy intensive materials like steel.

“But affordability pressures are growing. Repair and maintenance works persevere. We’re seeing this reflected in demand for our new light renovation range. In the current environment, compared to new build, light renovation offers lower risk, reduced capital exposure and faster turnaround times.

“As market conditions remain uncertain and cost pressures persist, access to flexible, specialist funding is becoming more important than ever. Products that release funds in line with build costs rather than valuations help protect clients against the impact of fluctuating material prices. Encouraging demand for the improvement and repurposing of existing housing stock by families and small-scale developers could also sustain activity across the construction sector, supporting turnover and jobs.

“While output figures may be down, there are still clear opportunities for brokers and borrowers. BuildLoan remains committed to providing targeted solutions that reflect evolving market needs and help the market to push forward with construction projects.”