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IHS Markit/CIPS UK house building PMI Rise

Professor Noble Francis (Economics Director at the CPA & Honorary Professor at the Bartlett School of Construction of Project Management, UCL) reports that IHS Markit/CIPS UK house building PMI rose in February (& was the best performing construction sector) after 9 consecutive falls in spite of persistent rain hindering activity on site.

If site visitors & house price inflation continue to rise then expect major house builders to take advantage of the rise in demand & continue to increase house building in the Spring selling season whilst build-to-rent construction continues apace although Housing Associations are being more cautious.

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