Mortgage approvals are also clearly above their average for the last decade of 100,00 strengthening the argument that the housing market in 2006 will see the first rise in activity since 2002, after three consecutive years of decline.
More Quotes from David Stubbs:
Construction companies are still troubled by rising costs but the overall picture is of an industry that has staved off any marked slowdown and is well placed to grow in line with increased business demand later in the year.David Stubbs
Gathering strength is evident in several areas of the industry with growth in the housing sector the strongest in almost two years as buyer activity has improved.
David Stubbs
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