Latest figures from the Office for National Statistics (ONS)
show that construction output in June 2016 fell by 0.9% compared to
May 2016. It is estimated to have decreased by 1.4% between Quarter
2 2015 and Quarter 2 2016.
Read Construction output in Great Britain: June 2016
and Apr to June 2016.
These figures cover the second quarter of 2016 plus the calendar
month of June 2016 and include data for a short period after the EU
Although it's too early to say whether the outcome of the EU
Referendum and Britain's exit from the EU will have a significant
impact on new housebuilding, if the government is to achieve its
target of one million new homes by 2020, it's vital that confidence
in the construction industry is maintained and we argue that there
is a case for increased public investment in social housing.
letter to new Housing Minister, Gavin Barwell, we highlight
that since the Referendum there has been renewed uncertainty in the
housing market. Share prices in the construction sector have fallen
and there is some evidence that developers and construction
companies have become more cautious about investing.
We argue that the government must take early action to restore
confidence and forestall the risk of a construction slowdown. This
we said ought to include a boost to public investment in housing
and a rebalancing of investment priorities away from the current,
almost-exclusive, focus on homes for sale to a more balanced mix
including homes for sale, shared ownership, market and social rent
according to local needs.
ARCH chief executive, John Bibby, has also been talking to the
Local Government Association (LGA) and the National Federation of
ALMOs (NFA) regarding the possibility of commissioning independent
research to evaluate the case for investment in social housing in
light of the governments plans to "reset" economic policy following