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

Why your firm should support working mothers to the hilt

Georgina Hamblin

If you are going to balance the demands of work and childcare, and stay sane, you need to adapt, and with any luck your firm will adapt with you. In doing so you will both win, and your respective productivity will soar. When I had my son, I realised just how lucky I was. Not only did I have the incredible support of my, and my husband’s, family through this life-changing time, but I had a firm that offered me complete flexibility and control over my return to business life.

April 19th, 2018