Today’s Construction Output data reveals a very promising pipeline of new home transactions in the year ahead, says Search Acumen

Print This Post

11 January 2017


Andy Sommerville, Director at Search Acumen, comments on today’s ONS Construction Output data, November 2016:

“Although the end of the year was relatively flat for the housing market, there is plenty of room for optimism as we move into 2017. It  certainly seems the country’s builders and construction workers were ramping up production of new homes, with today’s data revealing that construction output in private housebuilding was up 12.5% on the year in November, and up 0.6% on the month. That means a very promising pipeline of new home transactions in the year ahead.  Public sector housing did even better, up 13.7% on the year and 5.5% on the month.

“Construction activity is also a key indicator of what is happening in the economy and the level of future activity we can expect in the year ahead, and so it is revealing that we’re in a much better place than perhaps some would have thought.

“The commitment from both government and the housebuilding industry to delivering more homes this year is strong, and so even though sales and transactions in the shorter term is likely to be flat, the year as a whole could be a very good one for the property industry. However the reality of the year ahead is that there remains a great deal of uncertainty – and that is something conveyancers have to be ready for. Agile, flexible and innovative firms will be best placed adapt and thrive, come what may.”



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

The skills shortage in law firms is the biggest threat to handling cybercrime

CLC Roundtable discussion at Malmaison Hotel, Charterhouse Square

The skills shortage in our businesses is the biggest threat to our industry when looking at cybercrime. Cybercriminals are not just after money but are looking for sensitive information too, so the legal services sector is an obvious target. In the last year we have had reports of around £7m of client money being lost to such crime. This is not an IT issue and it should not be left to the IT teams to sort out. It is a high-level responsibility and a board-level issue that must be taken seriously. We suspect that we will look back on 2016 and ask why we didn’t respond quicker.

March 21st, 2017