Firms and householders mending not moving: report
The latest Northern Ireland Construction Bulletin has shown a decline in new building work and a rise in repair and maintenance work, hinting that more businesses and householders are staying put as the economic downturn continues.
The report showcases the value of construction output in Northern Ireland for the last three months in 2010.
Overall, in the fourth quarter of 2010, new work fell by 8.3% while repair and maintenance work rose by 5.7%.
The total volume of construction output fell by 5.1% compared with the third quarter of 2010 and was 15.2% lower compared to the same quarter in 2009.
John Armstrong, from the Construction Employers Federation, said that some of the fall could be contributed to the bad weather at the end of 2010 but urged politicians to help inspire more confidence in the economy.
"It is critical that once the new Assembly comes into power that they help get the construction industry and the economy as a whole back on it's feet. There is a downturn but there are encouraging signs and these need to be grasped and exploited."
Meanwhile there was good news for Co Tyrone concrete products manufacturer Acheson -amp; Glover, which is to supply to one of the largest residential developments in south Dublin - Honey Park homes at the site of the former Dun Laoghaire Golf Club - in a contract potentially worth €750,000 (£665,000).