While infrastructure growth is on the up, the biggest construction drop is in private new home building, according to ONS statistics released today.
June output only fell for new private homes and new public buildings, while the overall output for all sectors rose by 1.4%
Following a notable three-month on three-month growth at the start of the year, new private housing work contracted, fell by £214 million in June 2018.
New building work on schools, health and colleges continued their 15-month decline
Repairs and maintenance made the most notable contribution to construction growth, with non-housing repair and maintenance increasing by £262 million in the three months to June 2018.
Public new housing experienced its strongest three-month on three-month growth since September 2010, increasing by £149 million in the three months to June 2018. Other public construction increases came from housing repair and maintenance and infrastructure, which increased by £111 million and £133 million respectively.
For the full ONS report, click HERE.
Search Jungle Drums
- Finance & Mortgages 9
- Legislation & Compliance 23
- News from The Jungle Drums 62
- Portfolio 1
- Property Market 50
- Proptech & Innovation 58
- Sales & Marketing 78
- Uncategorized 7