Housing comes to construction’s rescue, again

Housebuilding

Fastest rise in housebuilding activity offsets declines in commercial and infrastructure work, says IHS Markit/CIPS

The fastest rise in housebuilding so far in 2019 has also helped to drive up construction output for the first time this year.

According to the latest IHS Markit/CIPS survey, output increased for the first time in April despite a dip in activity in both the commercial and civil engineering sectors, while the IHS Markit/CIPS UK Construction total activity index posted above the neutral 50.0 threshold for the first time since January, sitting at 50.5 in April, up from 49.7 in March.

Duncan Brock of the CIPS said the rise in residential activity was the only saviour for a sector that was otherwise heading for contraction again this month.

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now