The construction industry, which accounts for just over 6% of the economy, has been recovering in the past year as government schemes to help people get onto the property ladder, such as Help to Buy, have boosted demand for new homes. Howard Archer, chief UK and European economist at IHS Global Insight, said while construction industry growth eased in April, the growth figure was still very strong adding the sector looked well positioned for much improved expansion in the second quarter. He added: Improving house building is particularly welcome news given that a shortage of properties is a major factor repeatedly putting upward pressure on UK house prices. Nevertheless, the fact remains that there needs to be extended, very strong house building to make significant inroads into the problem. Find out more at: bbc.co.uk/news/business-27251552
Posted on: Fri, 02 May 2014 15:22:40 +0000
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