Cool summer for private housing construction orders

New construction orders for private housing were down over the summer, according to the release of the August 2017 report from the Department for Business, Enterprise and Regulatory Reform.

New construction orders generally rose by two percent in the twelve months to August 2017 compared with the previous twelve months, but orders in the three months to August 2017 fell by three percent compared to the same period a year earlier. Click here for information about the construction industry.

Orders in the three months to August 2017 fell by eight per cent compared to the previous three months, with decreases in public housing, private housing and private commercial sectors more than offsetting an increase in private industrial sectors. See housing prices.

Private housing orders in the twelve months to August 2017 were unchanged compared to those in the previous twelve months. Orders in the three months to August 2017 fell by 20 per cent compared with the previous three months and by 17 per cent compared with the same period a year earlier.

What’s happening with public housing?

Public housing and housing association orders rose by 15 percent in the twelve months to August 2017 compared with the previous twelve months. Orders in the three months to August 2017 fell by 20 percent compared to the previous three months and by eight percent compared to the same period a year earlier.

All comparisons in this sector are affected by large variations due to its relatively small
size. Click here for funding options for houses.

What about infrastructure orders?

Infrastructure orders in the twelve months to August 2017 rose by three per cent compared with the previous twelve months. Orders in the three months to August 2017 were unchanged compared with the previous three months, but rose by five per cent when compared to the same period a year earlier.

Property developers are working towards this goal and are trying to meet the needs of the locals, Governments and Councils.

These developers will often go to private lenders rather than a bank to finance their projects, as this route is much faster and more flexible. There will be a range of building finance options suitable for your development.