Construction output for housing rises
Construction output for housing rose in the three months up to August, ONS Construction Output figures have showed.
Output for private new housing was up by 1%, for private commercial developments 0.9% and for public new housing increased by 3.6%.
Neil Knight, business development director at Spicerhaart Part Exchange & Assisted Move, said: “The August construction figures represent a slight fall back from earlier in the summer but the non-seasonally-adjusted numbers for new housing are still up 18%– nearly a fifth – since the start of the year.
“There are bound to be fluctuations from month to month but the long-term trend is encouraging.
“On a seasonally-adjusted basis, figures are up more than 6% since the same time last year, and while the public sector continues to account for a big chunk of that, new private housing is up 4.5%.
“We’re certainly seeing that positive picture on the ground, with plenty of new projects coming through and developers looking to expedite sales.”