21 Aug

Demand for houses 'increasing'

Demand for houses 'increasing'

Demand for new housing continues to increase because of the rise in the population, an industry organisation has asserted.

Brian Berry, director of external affairs at the Federation of Master Builders, the largest trade association in the UK building industry, said that a way of increasing the supply of housing and kickstarting the housing market needs to be considered.

His comments follow the release of a government report, which indicates that the construction industry may be starting to see an upturn in its fortunes.

"Demand for new housing is still going up and up because of household formation and increase in population," said Mr Berry.

The news comes after the CIPS/Markit Purchasing Managers' Index published by the Chartered Institute of Purchasing and Supply revealed earlier this month that the construction sector experienced modest improvement in July, with contraction at its slowest rate for sixteen months and the commercial, civil engineering and housing construction sectors all reporting continued contraction.

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