The performance of the construction sector can also have a strong bearing on consumers’ sense of economic “wellbeing”, from the confidence engendered when a major infrastructure project is completed to the “wealth effect” felt by households when property prices rise.
This report gives a snapshot of the housebuilding sector, examining the current and emerging trends. There are certainly signs of recovery from the worst of the fall-out from the financial crisis, but the sector faces continuing challenges ranging from funding to planning.
Source : Knight Frank