House Building Helps British Construction Industry Post a Growth

Britain's construction industry has been able to post a slight growth year-on-year, all thanks to house-building.

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Even amid Brexit uncertainties, Britain’s construction industry has been able to post a slight growth year-on-year, all thanks to house-building. In Q1 2019, 37,672 new homes were registered by builders for warranties and insurance at the National House Building Council (NHBC), three percent higher than in Q1 2018.

NHBC figures account for about 80 percent of the new homes’ market in the UK. Meanwhile, the commercial construction sector has been suffering due to reduction in business investment because of the Brexit chaos.

Construction activity accounts for around six percent of economic activity in Britain. According to the most recent PMI figures released by IHS Markit/CIPS, house building provided the only reason for growth of this sector in the UK during Q1 2019.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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