2024-12-17 11:35:00
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The French Construction Federation (FFB) estimated on Tuesday that sector activity is expected to decline by 6.6% in 2024.
The building is in trouble. The French Construction Federation (FFB) estimated on Tuesday that sector activity is expected to decline by 6.6% in 2024, weighed down by the freeze on new construction, particularly housing. Without the currently frozen pro-housing measures in the 2025 Finance Act, the FFB predicts that 100,000 construction jobs will be destroyed next year, after 30,000 were eliminated this year according to its first cryptography jobs.
“We could have titled this presentation “PLF for Housing: Still a Failure””complained Olivier Salleron, president of the FFB, during a press conference. “There was everything in the financial law to return this influx to the citizens to reinvest in stone”he added, reiterating yes “crazy” for him to leave companies without visibility. “This year, employment has remained at very high levels, to the detriment of productivity” but, without support measures, “There will be a sharp decline in employment in 2025”alerted the FFB president. In early 2024 it expected to eliminate 150,000 construction jobs by 2025: this threshold “Risks of overshoot in 2026”he estimated.
In detail, the 15.6% decline in new construction was observed mainly in the housing sector (-21.9%), and is only slightly offset by a small 1.2% increase in improvement activities and maintenance in 2024. For 2025, the FFB projects a 14.6% decline in new construction, including -14.2% in residential and -15% in non-residential. Improvement and maintenance works will advance only 0.9% in 2025, while “Given what is happening politically, we should be much better”underlined Olivier Salleron, referring to aid for the energy requalification of buildings. Overall, the federation predicts that construction activity could decline further by 5.6% in 2025.
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