With optimism from sources that the worst of the recession is now behind us, Paul Baron, Managing Director of Gang-Nail Systems, comments on how the market is continuing to evolve to ensure building projects stay on track, proving that, although dim, there is light at the end of the tunnel.

Given the state of the market over the last 12 months, it is wise to err on the side of caution for the time being at least, however, reports from various sources suggest encouraging data which could prove to be of particular importance for the construction sector specifically.

According to reports from the RICS housing survey at the start of October, house prices are steadily continuing to rise with 22% of chartered surveyors reporting house price rises in September, compared to just 10% in August.

A comment made recently by The 2020 Group also suggested that government investment in new housing projects over the next two years would help ensure a way out of recession, and provide many new jobs. The group stated that by building 100,000 social rented homes in this period, up to 30,000 jobs in the industry could be saved.

Equally, statistics from the NHBC (National House Building Council) indicate that between June and August 2009, the NHBC received 24,246 applications to build new homes resulting in an increase of 2.5% on the previous quarter.

Figures such as these would suggest that although the increase in new building projects is low by comparison to that of previous years, these numbers will continue to gradually rise as economic conditions improve. As such, it is important to be prepared for the continuing highs and lows of the upcoming months and remember that the current situation can and will improve over time.