John Duffin: the industry needs stability following Brexit.

John Duffin, Managing Director Keylite Roof Windows is BMBI’s Expert for Roof Windows:

Uncertainty, disruption and volatility were predicted if Britain voted leave, but few took leaving seriously. Now it’s happened, investors’ sentiment in building has plummeted. But we need to push on.

The Repair Maintenance & Improvement (RMI) market is vital for roof window sales and important to builders’ merchants. Homeowners need confidence to take out loans for their extension or loft conversion. Lower interest rates should boost confidence, but roof windows are produced in Europe so the weakened pound could increase prices in Euro if it continues longer term.

The bulk of the market marches on regardless of short term sentiment, but the industry needs stability, and it will be disappointing if we lose momentum.  We need decisive Government action to limit the economic shock. Actions should include a commitment to build more homes, and encouraging businesses to invest in construction projects.

A well-voiced shortage of skilled labour was already restricting construction. Government please note: construction is vital for the economy and relies heavily on the free movement of people.

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Launched in 2015, the award winning monthly Builders Merchant Building Index (BMBI) report is the only reliable measure of repair, maintenance & improvement (RMI) activity in the UK. Filling an important gap, it can be widely used in construction, and by economists, Government, national media, commentators and influencers outside the industry.