UK residential construction activity index falls to 37.6 in August as housebuilding starts dry up
The S&P Global UK Construction PMI put residential activity at 37.6 in August, well below the 50.0 no-change mark and a faster decline than July. Firms blamed weak demand and a shortage of new housebuilding starts, with the headline index at 44.3 — a twentieth straight month of contraction. For buyers, that points to fewer new-build options reaching the market next year; for sellers of existing homes, slightly less competition. It is a pipeline signal, not a price move.
What this means for…
Buyers· 2/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
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