House Building Now Accounts for More Than a Third of All UK Construction Projects

House Building Now Accounts for MoreHouse Building Now Accounts for More Than a Third of All UK Construction Projects PR Newswire CHESTER, England, February 21, 2014 • The total value of UK construction contracts awarded in January was £5.6 billion based on a three-month rolling average - a 36.5% increase on the value recorded in January 2013 • The number of construction projects within the UK in January was up 59.3% on December and 19.6% on January 2013 • Residential had the highest proportion of contracts awarded by value in January with 36% of the UK total • The majority of the contracts awarded in January by value were in London, which accounted for 29% of the UK total Growth in the UK construction industry continues to be driven by house building in the capital, according to new data published today. Overall construction activity rose by 59.3 per cent in January, with house building now accounting for more than a third of all UK contracts awarded by value. The residential sector continued to show significant growth last month, with the total value of projects awarded reaching £1.87 billion, a two per cent increase from December and a huge 87.7 per higher than the corresponding month last year.