Hudson Contract delivers the most accurate indications of pay trends across the construction industry, using payroll data for over 2,200 construction companies to publish the average pay for a spectrum of 17 different trades across five regions.
No surprises this month . . . With relatively good weather in February, and daylight hours increasing, freelance builders across the country are reporting increased earnings, with an average rise of about 5 per cent on wet and windy January. In cash terms, that’s an extra £40 a week.
Weekly Average Earnings, February 2016: £802.53
Regionally, the biggest winners are in the South-East and Midlands with month-on month increases of 12% and 8% respectively.
“The impact of the weather is clear,” observes Hudson Contract Managing Director Ian Anfield. “The South-East had a month of above-average sunshine and 57mm of rain, whilst in the North-West, it was equally sunny, but much wetter, with 145mm of rain. This goes a long way to explain why earnings there are up by an average of only twelve pounds a week.”
Across the regions, twelve trade groups enter the Hudson Contract ‘Four Figure Club’ of freelance builders earning an average of over £1,000 a week:
Looking at the wider perspective, the latest Markit/CIPS survey reports a slowdown in the housebuilding sector which is echoed by new government statistics. These reveal that while the rate of expansion continues to grow – 143,000 properties were started during 2015 and a further 142,890 completed – new-build numbers remained below the pre-recession peak of 2007.
Meanwhile infrastructure projects are keeping those in the civil engineering sector busy with their highest rate of expansion for five months.
Ian Anfield comments: “While there has been an overall recent slowdown in the rate of new works, the industry as a whole remains positive. Let’s hope the good weather stays with us. It’s so important. Fine weather increases the efficiency of the industry immensely.”
This month’s key trend: Average pay in the South-East rising fast and approaching £900 a week
|DEMOLITION & WRECKING||£519.47|
|EQUIPMENT & OPERATOR HIRE||£829.89|
|MECHANICAL & ENGINEERING||£961.58|
|SCAFFOLDING & LIFTING||£536.56|
|STEEL & TIMBER FRAME ERECTION||£813.47|
|DEMOLITION & WRECKING||£745.61|
|EQUIPMENT & OPERATOR HIRE||£691.31|
|MECHANICAL & ENGINEERING||£698.23|
|SCAFFOLDING & LIFTING||£544.90|
|STEEL & TIMBER FRAME ERECTION||£710.15|
|DEMOLITION & WRECKING||£835.01|
|EQUIPMENT & OPERATOR HIRE||£872.17|
|MECHANICAL & ENGINEERING||£779.93|
|SCAFFOLDING & LIFTING||£697.97|
|STEEL & TIMBER FRAME ERECTION||£621.46|
|DEMOLITION & WRECKING||£1,106.95|
|EQUIPMENT & OPERATOR HIRE||£813.51|
|MECHANICAL & ENGINEERING||£931.67|
|SCAFFOLDING & LIFTING||£886.77|
|STEEL & TIMBER FRAME ERECTION||£722.91|
|DEMOLITION & WRECKING||£1,046.06|
|EQUIPMENT & OPERATOR HIRE||£669.09|
|MECHANICAL & ENGINEERING||£931.41|
|SCAFFOLDING & LIFTING||£674.97|
|STEEL & TIMBER FRAME ERECTION||£669.85|
Hudson Contract’s ‘window on the construction industry’ gives you hard figures and data that is not available from any other source, with pay averages that reflect the amounts paid by a sample number of businesses – large and small – to specific trades during February 2016.