The UK housing market is currently on the fast track and construction is joining in.  According to the most recent set of data from Markit, the sector recorded a rating of more than 62 on the purchasing managers’ index.  All ratings above a 50 are favourable and indicate more growth.  This sector does not just include residential.  It also includes commercial structures as well.

The sector is reflecting the overall growth currently taking place all over the UK economy.  It is in the midst of a growth phase which is at a level higher than pre-2007 crisis period. 

Tim Moore with Markit commented on the recent data, saying: "July's figures suggest the UK construction sector is enjoying its strongest cyclical upswing since the global financial crisis, while a new record rise in employment highlights that construction firms are increasingly confident about the sustainability of the upturn."

The retail sector is currently the hottest area of total starts with year on year increase of 24%.  The office and industrial sector are also bursting with growth as more consumer confidence is spreading to retail clients creating a surge in the number of starts for capital works projects.

The construction sector is one which is detrimental to the continued sustainability of the recovery phase within the UK economy.  This sector, in addition to housing market  growth are all-important fundamental areas which are necessary for consumer confidence and therefore overall growth to continue.  Growth within the housing market will lead to more construction starts which are not only required for economic growth, but also important to help with the continued issue of housing demand.