Housebuilding activity bounces back in April

Housebuilding

Markit/CIPS data shows ‘robust growth’ from housebuilders, while new work growth is ‘marginal’

Housebuilding activity bounced back from the effects of the ‘Beast from the East’ last month but underlying demand across the industry remained subdued, according to new Markit/CIPS data.

The latest construction purchasing managers’ index pushed into positive territory, recording a score of 52.5, up from March’s 20-month low of 47.0.

Housebuilding returned to normal after March’s bad weather had stalled work on some sites, recording robust growth – the strongest since May last year.

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