ONS construction output statistics – 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: “October’s construction output figures suggest that new private housing is showing signs of tailing off, and while public housing compensates for this, these figures make slightly uncomfortable reading.

“This does not reflect our experience on the ground as we are seeing plenty of new developments, but it does underline that there is much more for the new government – whoever is elected on Thursday – to do to get the market moving again.

“The longer-term figures suggest the market is fairly flat overall and we are all going to have to wait a bit longer to see a fully-fledged recovery. Hopefully with the election out of the way in a few days’ time, we can all get back to something like normality again and that will restore confidence.”