AGP Executive Report
Last update: 3 hours agoMarket Pressure: UK construction activity fell to a 43.6 reading in October, with housebuilding hit by higher borrowing costs and weak confidence; Germany also recorded its steepest contraction since early 2025. Data-Centre Buildout: Malaysia’s Sunway Construction won a RM1.74 billion contract for a hyperscale data centre in Selangor, with work due to start in the fourth quarter. Workforce Gap: New research estimates the US needs 349,000 more construction workers this year, with Texas, Florida and North Carolina under the greatest pressure. Site Safety: A three-storey building collapse in Delhi killed two people and injured four; authorities ordered an inquiry, suspended two engineers and filed a case against the contractor. Housing and Urban Development: Portugal secured €300 million in EIB financing for affordable rental homes, while Sarawak is considering a development policy through 2050 to guide growth across cities, towns and rural areas.
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