HOUSEBUIDING HANDS BOOST TO ECONOMY

Housebuilding hands boost to economy NEW homes are being built at the quickest rate since the Northern Rock collapse, adding to signs of rising confidence in the UK economy, writes Sam Fleming.

An index tracking residential construction activity surged to nearly 59 in December, well above the 50 dividing line between expansion and contractions, according to the Chartered Institute of Purchasing and Supply and Markit.

That is the quest rate since August 2007 and it compares in lows of just 18 reached last year.

Courtesy of Daily Mail