The latest UK Construction Market Survey indicates that the fast growth comes as a result of rises in private housing and commercial activity.
Marking the eighth consecutive quarterly rise, the survey saw 46 per cent more respondents noting a rise in industry activity, up from 41 per cent in August.
The UK private housing sector saw promising growth, which was strongest in London and the South East.
Workload in the private commercial sector recorded a series high, with 59 per cent more surveyors reporting activity rises. Infrastructure saw a more level growth as 27 per cent more surveyors reported a rise in activity levels.
The report released by the Royal Institution of Chartered Surveyors (RICS) said: “Unprecedented housing demand, the bounce back from a very deep recession and government’s commitment to invest £36 billion in over 200 infrastructure projects is driving much-needed confidence across the industry, translating into UK workload sentiment now standing at its highest level in two decades.”
However, the report also saw that surveyors acknowledged the constraints on the construction industry, noting the main limits to building activity – all noted by 58 per cent more respondents - being a current labour shortage, problems accessing financial backing, and a shortage of building materials. Bricklayers have founds themselves in much higher demand, with an increase of 71 per cent surveyors marking it as an issue, in comparison to the 59 per cent seen in the second quarter of 2014. In fourth place on the top limiting factors were issues with planning and regulation, increasing to 51 per cent.
Surveyors are however taking a promising view of the future of the construction industry despite these limits, as 47 per cent more expect to see a rise in profits, and 58 per cent foresee hiring more workers to cover the rising workloads.