Construction output increased by 1.1% in the three months to November, ONS data has showed.

This was driven by a 1.6% growth in new work.

Private housing was the only sector within new work to see a fall in construction output in the three months to November compared to the previous three months, decreasing by 0.4%.

Neil Knight, business development director at Spicerhaart Part-Exchange & Assisted Move, said: “The figures released before Christmas suggested that construction was flattening off in the private sector.

“While the latest data shows an improvement on last month, overall volumes are similar to the same time last year.

“As a result of last month’s General Election, there is now much greater political certainty.

“We’re already seeing a strong start to the year, and we’d expect to see confidence returning to the market throughout 2020.

“That will take a while to feed through into more positive output figures though, so we wouldn’t expect to see an immediate improvement.

“It’s not just about confidence: now that we have a government with a stable majority, it would be good to see some evidence of a long-term strategy to tackle some of the problems in the housing sector.

“The Budget in March will be an opportunity for the government to show that it gets this.”

https://www.mortgageintroducer.com/ons-construction-output-rises-by-1-1/

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