News — housing market

Strong housing market fuels UK construction industry rebound The rebound in UK construction activity accelerated in September, supported by a mini-housing boom that helped the economic recovery even as tightening restrictions clouded the outlook. The IHS UK purchasing managers’ index for construction rose to 56.8 in September from 54.6 in the previous month. This is the fourth consecutive reading above 50, which indicates the majority of businesses have reported improving activity. The reading beat the 54 forecast by economists polled by Reuters and signalled the fastest pace of growth in nearly five years. “Following August’s slowdown, growth in UK construction...