Housebuilding on the Rise in August

Housebuilding on the Rise in August

It’s good news for the residential sector, which saw an increase in the value of contracts of 13 per cent compared to the same time last year

According to the August edition of the Economic & Construction Market Review from industry analysts Barbour ABI, it was the residential and infrastructure sector that kept the industry on a steady pace last month, delivering £3 billion of the £5.5 billion total construction contracts awarded. It should also be noted that residential construction across the first two post-Brexit months (July & August) are significantly higher figures than when compared to the same months in 2015.

Commenting on the figures, Michael Dall, lead economist at Barbour ABI, said: “The construction sector is yet to experience the full post-Brexit effects that were forecasted to occur after the result was announced. The results from the residential sector has still been robust enough to keep the industry in a position to potentially grow in the near and long-term future.”

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