'UK housebuilding remains buoyant but...' - Builder & Engineer
- Date: 12/12/2016
'UK housebuilding remains buoyant but overall construction output falls in October, says ONS' - Builder & Engineer.
Despite a slowdown in overall construction output house building remained strong in October, which demonstrates the continuing importance of the sector on overall levels of activity, says Phil Harris, head of sales at BLP Insurance.
“The latest ONS figures demonstrate the continuing importance of new private housing on overall levels of activity within the UK construction industry," said Harris.
"It also highlights the need for those measures announced by the Chancellor in last month’s Autumn Statement on infrastructure to be realised. In particular, accelerating policies dedicated to unlocking under-utilised development land for housing, to encourage increased activity on the ground.
“There is no indication of an early end to the volatility within the UK construction industry. The post-EU referendum environment continues to remain uncertain, compounded by the already established pressures around cost of materials and shortage of skilled labour.”
View the full article on Builder & Engineer.