HOUSEBUILDING FASTEST FOR MORE THAN TEN YEARS

The Herald Business - - The Month In Headlines -

Au­gust 5 UK housebuilding ac­tiv­ity grew in July at its fastest monthly pace since Novem­ber 2003, and has ex­tended its run of ex­pan­sion to 18 months, a sur­vey has shown. The Char­tered In­sti­tute of Pur­chas­ing and Sup­ply (CIPS), which pub­lished the sur­vey yes­ter­day, said re­spon­dents had at­trib­uted the strength of housebuilding ac­tiv­ity to favourable fund­ing con­di­tions and strong de­mand for new hous­ing starts. CIPS noted housebuilding was en­joy­ing its long­est con­tin­u­ous pe­riod of growth for al­most a decade.

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