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Housing Today
Trusted media brand of the Chartered Institute of Housing
Housebuilding activity grew in October despite plunging confidence
Rate of growth slowed as new orders dropped and fears over economy deepened
Growth in housebuilding activity slowed in October but remained in positive territory despite the strengthening economic headwinds, according to the latest survey of purchasing managers.
The CIPS Construction Purchasing Managers’ Index reported the housebuilding activity index at 51.2, down from 52.9 last month, but above the crucial 50 score which separates growth in output from contraction.
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