News - Housing
Public housing bucks construction trend
A slowing in the pace of growth in the construction sector was not felt in the public housing market, according to new figures from one industry body.
The Royal Institution of Chartered Surveyors (Rics) has observed that, while the construction sector across the UK remains strong and above its survey’s long-run average, there was a general slowing in growth in the last three months.
However, growth in public-sector housing continued to increase at the same pace as in the previous quarter, with Scotland demonstrating the fastest expansion to workloads.
Despite the slight downturn in other markets, confidence remains high, Rics suggests.
Rics senior economist David Stubbs said: "Construction projects in the public-housing sector are leading the way.
"With the economy running at almost full capacity and spurring on business investment, the construction boom is steady and sustainable."
Rics provides information and commentary on matters of land, construction, property and environmental concerns on both commercial and public sector issues.














