ACR-News
Know what you want? Try our 'Supplier Directory' 

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

Blended Products launches Serviceblend AIR

Blended Products has expanded its Serviceblend range with Serviceblend AIR, which is formulated specifically for air source heat pumps to help maintain optimal thermal conductivity whilst preventing unnecessary maintenance. Serviceblend AIR is an ...

  25-May-2023

New SEC HD - Electric Expansion Valve Controller Heavy Duty Series

Designed to offer world-class superheat control performance, the SEC HD controller comes with the ability to be installed inside cold storage rooms, and this new product is the perfect solution for those in the refrigeration industry looking for greater control and efficiency.
  03-May-2023
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

BESA National Conference