Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Official figures for May show drop in new-build construction driven by private housing decline
Private housebuilding output fell back by 1.6% in May, taking it to almost 15% under the level seen the same month a year earlier, according to the latest official figures.
The Office for National Statistics said there was a £51m fall in private housebuilding work in the month, equivalent to 1.6%, taking seasonally adjusted output to £3.05bn. Public housing output grew by £22m to £467m.
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