ONS construction output – comment

Commenting on today’s construction output data from the Office for National Statistics, Neil Knight, business development director, Spicerhaart Part-Exchange & Assisted Move, said: “These numbers suggest it’s very much ‘steady as she goes’ in the new housing sector.

“The month-to-month figures are more or less flat from August to September, but looking at the quarterly data the picture is one of solid growth: new private housing is up 1.8% in Q3 compared to Q2, and 2.3% on Q3 last year.

“That’s not going to set the world on fire but in the context of considerable uncertainty in the market and in the wider economy, it’s a stable foundation on which to build and means we can look forward to the new year with a sense of guarded optimism. It’s been a successful 2019 for Spicerhaart Part-Exchange & Assisted Move, and there’s no reason to suppose that can’t be repeated in 2020.”