UK brick deliveries are a useful proxy for new house building starts in the absence of monthly starts data. Deliveries in July 2026 were 6.8% lower than in June & 19.5% lower than a year ago, according to the Department for Business & Trade. (1/n)
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𝗨𝗞 𝗰𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗼𝗿 𝗿𝗲𝘀𝘂𝗹𝘁𝘀

Morgan Sindall profits up 21%. Keller revenues up 11%. Both strong results. Read alongside 3,805 insolvencies in the same period and a different picture emerges. A thread. #UKConstruction

Overall, house building activity year-to-date (January to July) in 2026 is already 8.4% lower than a year ago & we are only just starting to see the Middle East conflict impacts feed through to activity. This is the 4th consecutive year of falling house building. (15/end)
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... which officially started in April, starts to deliver activity down on the ground, which is only expected at in 2026 Q4 or, more likely, 2027 H1. (14/n)
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... public house building activity in July 2026 was 3.2% higher than in June but 22.2% as activity on the old Affordable Homes Programme continues to slow & before activity on the Social and Affordable Homes Programme,... (13/n)
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In terms of public house building activity, just be careful using the time series as there is a structural break data problem in the ONS public house building data in January 2022 (where the level of activity essentially doubles). However,... (12/n)
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