Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Latest official figures show weak housing market contributing to flat construction growth
Private housebuilding work fell by nearly 5% in November as housebuilders responded to the post mini-budget drop in demand from homebuyers, according to the latest official construction output figures.
The latest data from the Office for National Statistics showed the private housing sector saw a £172m drop in output in the month, to just over £3.4bn, making it the largest negative contributor to what was flat growth in the month for construction overall. With public housing output also falling by 5.3% to £416m in the month, the overall drop in housebuilding output was 4.9%, to £3.8bn.
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