Pin Board is please to hear that the latest RICS Survey has revealed that the construction industry has seen workloads rise more in first quarter of 2013 than in any other since the end of 2007. This has been driven by private housing construction which is more good news for the building products industry and its manufacturers and distributors.
In the first quarter of the year, 10% more surveyors across the United Kingdom have reported rising workloads. Although the workload is low compared to the heady days, the upward trend is still very encouraging. RICS said the rise in the first quarter suggested that some of the government initiatives were beginning to "breathe life" back into parts of the property sector.
The survey also revealed that a rise in employment within the sector is expected with 22% more chartered surveyors anticipating a rise in employment levels over the year.
Simon Rubinson, RICS chief economist said, was cautious in his response but admitted that the rise in output was a "little better news".
"The government’s attempts to stimulate the market seem now to be having some impact but there are still significant challenges to be overcome," he said.
"In particular, the availability of finance and planning related issues continue to present obstacles to development."
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