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What is the optimism in the latest RICS construction survey telling us?

What is the optimism in the latest RICS construction survey telling us?

The latest survey of the construction market by the surveyors’ body RICS provides on first reading some confusion, showing optimism rising sharply while workloads fall. The survey has produced a mildly negative balance for surveyors’ workloads. Yet it also showed expectations of improvement in workload, employment and profit at levels not seen since the recession. Curious. What lies behind this surge in optimism among surveyors? Are we seeing green shoots?

House building looks set for growth in 2010

House building looks set for growth in 2010

The latest Government house building numbers strongly suggest that a shade more than 100,000 homes will be built in England in 2009. This would represent a 40% drop on the peak year of 2007 and make 2009 a record peacetime low. There are hints of hope in the figures with the starts figures rising. But if we look at the 12-monthly number we see that the accumulated starts over the past year are low, which does not bode well for…

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