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House building bucks overall construction decline

According to new figures from the Office for National Statistics (ONS) construction output declined by 0.2% in November 2016.

This follows a 0.6% fall in October and a 0.8% contraction recorded in the third quarter of 2016.

Senior economist at the Construction Products Association (CPA) Rebecca Larkin, said: “Overall weakness in official construction output data looks to have persisted in the final three months of 2016, which stands in contrast to other industry surveys. One common theme reported in recent months, however, is the outperformance of private housing relative to other sectors such as commercial, industrial and repair and maintenance.

“In November, private housing output rose 0.5% to reach the highest level since 2010 and compared to a year earlier, output increased 12.5%. Activity has no doubt been sustained by government support measures such as Help to Buy, strong growth in house prices and the availability of low-interest mortgages.”

She continued: “Economic and political uncertainty is expected to intensify this year and combined with rising inflation denting confidence, means we are unlikely to see similar growth rates in private housing in 2017. Public housing, on the other hand, increased 5.6% in November and whilst monthly data can be volatile, this could signal a pickup in public sector house building after activity has been disrupted by two years of changes to funding programmes.”

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Thailand to host Bangkok RHVAC 2022 and Bangkok E&E 2022 this September

The Department of International Trade Promotion (DITP), Ministry of Commerce of Thailand, in collaboration with the Air-conditioning and Refrigeration Industry Club and the Electricals, Electronics, Telecommunications and Allied Industry Club, the ...

  05-Aug-2022

If you need to open a solenoid valve manually, you need a SVOM!

"THE SMALL TOOL WITH A BIG ATTRACTION" Available from Refrigeration Wholesalers If you would like to become a distributor please contact sales@fridgenius.co.uk
  30-Jun-2022
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