Market News

This news is taken from our monthly market and economic newsletter, London Update.
Issue 46: November 2009

Slow Recovery for Housebuilding
Seasonally adjusted figures for Q2 (made available for the first time this month by the UK Statistics Authority) show that there were 21,580 housing starts, up 18% on Q1. This is the second consecutive rise in housing starts, but the figure remains 34% lower than in Q2 2008. However, figures from the Chartered Institute of Purchasing & Supply reported that the construction industry as a whole continues to contract. Its index fell from 46.7% in September to 46.2% in October, the twentieth consecutive month to see contraction of construction companies.

You can read the full version of London Update online, download the London Update podcast or subscribe to London Update for free to receive your own copy emailed to you each month.


«BACK