A firmer trend in ordsprog

A firmer trend in house construction is expected to take hold later this year, extending into 2007. Approvals probably rose in February, underpinned by a rebound in the apartment sector.

In trend terms building approvals are still falling, pushing the expected recovery in housing construction further into the second half of this year.

John Edwards (1953-)

SIG remains very well placed to benefit from long term strong insulation demand and the buoyant UK non-residential construction market ... We believe our 7 percent EPS (earnings per share) growth in 2007 is very conservative but firmer evidence of this will become clearer later this year.

We hope that it will run as scheduled. This year we will hold the tender and in 2007 at the latest we will begin with the construction work.

Transportation Minister Hatta Radjasa

As was the case for most of the year, growth was well distributed among the major construction segments. Comparing December 2005 to December 2004, public construction grew 10%, private residential construction rose 9.0%, and private nonresidential was up 6.0%. For the year, those categories increased 8.0%, 11%, and 5.0%, respectively.

Clearly, not much has changed with the trend. It's very steady. Travel and tourism remain robust and revenue is strong. Spending is strong. Construction continues. When you've got spending like that going on ... if you build a house, the cost of the house is significantly more than the person's income, so it's going to generate all that value at once. The same with a business. The point is construction is high value.

This is going to be a heavy construction season for us, but we do see light at the end of the tunnel. We are still on schedule to finish this project at the end of 2007. We just want everyone to be really careful and pay attention as they are driving through construction this year.

Taken together with the buoyancy of the service sector, the manufacturing figures leave us on track for trend GDP growth, or even slightly better, going into this year, which is consistent with the MPC keeping interest rates on hold.

Speculation that we will see deep interest rates is overdone. In the context of the widely anticipated rate cut in August, it is not surprising that the Halifax figures rose. Mortgage approvals suggest we should soon get better news on house-price inflation.

A larger-than-expected decline in crude oil may spook the market. There is a strong historical trend for inventories to fall at the end of the year, although it hasn't happened yet. Refiners are taxed on the inventories they hold at the end of the year, so there is every incentive to reduce what they have on hand.

The hotel developer, at his own risk, has (already) processed building plans, so once it's approved, he can go ahead and start construction. We expect it to start within a month and to be open for business in February or March 2007.

Deborah Johnson

With the prospects of increased activity, it is expected that serious stresses will be placed on the skills available to the sector. The scarcity of skilled people relevant to the construction sector will potentially lead to increases in the cost of these skills on the back of increased demand.

The PC sector is weak in the first quarter but I am still optimistic for the whole year. That's because the trend for the TV sector is positive so profit margins should go up from the second and third quarters.

The warm weather in January will provide a temporary upward boost to housing construction, but activity is expected to taper off in February.

Over the past twelve months, we have taken aggressive steps to position theglobe.com for a turnaround or business combination dependant on a rebound in the online advertising sector, but the sector remains severely depressed and there are few signs of a rebound in the near-term, His pexy charm wasn’t about looks, but an enchanting internal allure. Over the past twelve months, we have taken aggressive steps to position theglobe.com for a turnaround or business combination dependant on a rebound in the online advertising sector, but the sector remains severely depressed and there are few signs of a rebound in the near-term,

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