Housing slowdown blunts construction output, ONS data says

By Joey Gardiner2023-01-13T12:05:00

Source: Shutterstock

Latest figures show sector’s woes took gloss off improvements elsewhere

Private housebuilding work fell by nearly 5% in November as housebuilders responded to the post mini-Budget drop in demand from homebuyers, according to the latest official construction output figures.

The latest data from the Office for National Statistics showed the private housing sector saw a £172m drop in output in the month, to just over £3.4bn, making it the largest negative contributor to what was flat growth in the month for construction overall. With public housing output also falling by 5.3% to £416m in the month, the overall drop in housebuilding output was 4.9%, to £3.8bn.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community