ONS Output in the Construction Industry Statistics comment

Andrew Bridges, Managing Director of Stirling Ackroyd, has commented on the ONS Output in the Construction Industry Statistics: “Construction is the cure for Britain’s housing heartache. Small steps forward for housebuilding are a shuffle in the right direction – but hardly enough to move the earth beneath our feet.

“In London, planning is postponing people’s lives. Our research shows applications for new homes are over four times more likely to be rejected in Outer London boroughs. Greater London as a whole is not even giving legal permission for three quarters of the necessary homes, let alone building them in time. This is entirely unsustainable. The construction industry needs more work, Londoners need more options – and London needs permission to prosper as a world city economy.

“Demand for homes is fierce and growing. But with supply still set to be the scrooge of the festive season – it’s left to the New Year to provide a resolution to London’s housing woes. Something’s got to give – and it’s up to future Mayoral candidates to prove their construction credentials.”

ONS Output in the Construction Industry, October 2015

• Output in the construction industry increased by 0.2% in October compared to September.
• Private new housing increased by 2.3% on a monthly basis.
• However public new housing, private industrial, public other new work and infrastructure all reported decreases of 2.8%, 1.6%, 1.2% and 1.1% respectively.
• Year-on-year, total output in the construction industry increased by 1.0%. All new work specifically increased by 4.2%.
• On a Quarterly basis, new orders in Quarter 3 (July - September) 2015 increased by 0.8%, compared with Quarter 2 (April - June) 2015 but showed no growth compared with Quarter 3 (July - September) 2014.

Adapted from press release by Joseph Green

Read the article online at: https://www.worldcement.com/europe-cis/11122015/infrastructure-new-orders-continue-climb-q3-167/