All double dip articles

  • Brian Green

    Like mathematics, it’s cool not to understand construction, until it’s seen as important


    Ignorance of construction economics means policy makers are being misinformed

  • Comment

    A last hurrah for construction before the axe falls


    Output in the last quarter was the best since Lehman Brothers collapsed. Alas figures won't be as high again for the foreseeable future

  • Comment

    We're back to double-digit growth in house prices, oh dear


    House prices are booming again, crack open the champagne!Well maybe not.If I was a house builder reading the latest survey from the Nationwide building society showing a double-digit rise in prices over the past year (see graph) I would be worried.Looking at my short-term prospects, naturally I would be chirpy ...

  • Comment

    It’s a double-dip recession for construction, if the statisticians’ first stab at growth is right


    Construction has fallen into a double-dip recession – that is if the preliminary estimates by the statisticians putting together the first quarter 2010 gross domestic product figures are to be believed.The preliminary GDP figures put growth at a pallid 0.2% for the economy as a whole. This low level of ...

  • Comment

    Joy deferred as CIPS shows construction activity grows for first time in two years


    So the construction activity indicator produced by the buyers’ body CIPS finally points to growth after two years of measuring falling workloads. But this seemingly uplifting moment appears to have brought little joy.The March figure popped its head above the 50 no-change mark on the back of rising activity in ...

  • Comment

    Why falling mortgages approval are spooking housing market watchers


    The latest figures from the Bank of England showing the number of mortgage approvals at a nine month low have caused a bit of a stir and increased talk of a double dip in the housing market.Here’s a few reasons why.There is a historic link between the number of mortgage ...

  • Comment

    Official figures show construction output falling again, but devils lurk in the detail


    Construction output slumped back into decline in the final quarter of 2009, after a supposed rise out of recession in summer.That is the headline story from today’s release of the construction output figures.But dig a bit deeper and we see some unsettling implications in the numbers.Firstly the statisticians now believe ...

  • Comment

    Prepare for a double dip in construction growth – the implication of today’s GDP figures


    The UK is coming out faster from recession than we thought. But the hole was deeper.That seems to be the message from the statisticians’ latest stab at the nation’s output.The increase in fourth quarter GPD was revised upward from 0.1% to 0.3%, which will cheer many not least the Chancellor.But ...

  • Comment

    Was it just the cold or is it a relapse?


    There are plenty of people, “experts” indeed, who fully expect a double-dip recession for both the economy and, for that matter, house prices.For them the data emerging for January’s performance appears to be, albeit gently, vindicating their position. They will no doubt seize with alacrity the retail figures from the ...

  • Comment

    Mum: Are we out of recession yet?


    You could feel the uneasiness among economists yesterday when the release of official statistics showed that the UK had just scraped enough oomph together in the final quarter of last year to stage a lacklustre return to growth.Most economists had expected the no-growth bar to be cleared by some margin. ...

  • Comment

    Housing recovery is resting on happier family homes market


    The latest swathe of housing data continues to suggest a pick up both in prices and activity and the RICS November house price survey, released today, adds further weight to the case for a housing recovery.Its measures for sales, expected sales, new inquiries, new instructions, prices and expected prices are ...

  • Comment

    Christmas sales come to the housing market


    It's the run up to Christmas and we're in a recession - well if not technically, we're definitely suffering from the recession - so don't be surprised to see redundancies on the rise and asking prices for homes on the decline. It is the nature of things.And in this regard ...