JPM | Building Broadcast: BZU, HOLN, HEI, ADP, DG, GET, CRST: JPMC Construction Daily

Research evidence excerpt

JPM | Building Broadcast: BZU, HOLN, HEI, ADP, DG, GET, CRST: JPMC Construction Daily

public utilities,

and investments in tech buildings such as data centers, all of which are driving order

intake.’ On the construction market outlook, the group said: ‘Our Construction market

outlook is mostly stable. The civil segment is generally robust throughout our geographies,

supported by demand for traditional infrastructure, public utilities and defense

investments. The building market outlook is weaker but improving supported by

investments by tech, industrial and defense sectors. The US market is stronger than Europe

but we are seeing increased activity in the Nordics. We have raised the market outlook for

Sweden and Finland, expecting the improvement in the building market to continue based

on demand in important segments.’ Readacross for Vinci, Eiffage and Ferrovial. Link to

the press release.

• Skanska builds high-tech fabrication facility in Boise, Idaho, USA, for USD 390M,

about SEK 3.6 billion. Skanska has signed a contract with a new confidential high-tech

client for the construction of a fabrication facility in Boise, Idaho, USA. The contract is

worth USD 390M, about SEK 3.6 billion, which will be included in the US order bookings

for the third quarter of 2026. Work has begun and is scheduled for completion in the first

quarter of 2028. Readacross for Vinci, Eiffage and Ferrovial. Link to the press release.

UK Housebuilders

• UK Housebuilders: Mayor of London publishes draft London Plan looking for

558,000 homes by 2037.Yesterday, the Mayor of London had unveiled a streamlined draft

London Plan to boost affordable housing and support growth, jobs and the economy of the

future. Specific on Housing, the London Plan is planning for 558,000 new homes between