Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Construction firms fear impact of rising costs and supply shortages
Housing output rose at the fastest rate for eight months in February despite optimism in the wider construction industry about the months ahead declining.
The latest IHS Markit/CIPS survey of construction companies shows housing activity rose from 54.3% in January to 61.5%, overtaking commercial activity – which recorded 58.4% – as the sector with the highest output.
Civil engineering activity also rose from 53.2% to 57.5% month-on-month, its highest level since last June.
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