Tuesday, 15 July 2014

Construction Output For Public Housing Up By 30%

The construction industry output for new public housing work has increased by nearly 30 per cent in the past 12 months. Office for National Statistics figures for May show activity rose by 29.3 per cent year on year, compared with 16.8 per cent for private housing. All new housing work grew by 19.4 per cent. The data is based on the results of a monthly survey of 8,000 businesses in Great Britain. Output is defined as the amount construction companies charge to customers for value of work produced during the period, excluding VAT and payments to sub-contractors. Read more on Inside Housing.

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