The rate at which new homes are being built in the UK is increasing, it has been suggested.
According to an index compiled by the Chartered Institute of Purchasing and Supply and Markit, residential construction activity surged to nearly 59 last month, the Daily Mail reports.
This was said to be significantly above 50, which is described by the publication as the "dividing line between expansion and contraction".
During the height of the recession, the index reached lows of 18.
Commenting on the findings, economist at Deutsche Bank George Buckley said they show a "big turnaround" for the industry.
He added: "You will see positive growth in the fourth quarter and an acceleration in 2010."
One of the firms involved in selling new homes to UK buyers is Portford Homes, which recently reduced prices at its Spenmill Grange development in Cleckheaton in a bid to tempt buyers.
See Also: Property News (6699)
Date Published: 06 January 2010
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