With the improving weather there is hope that construction product sales will begin to pick up in the second quarter. A bit of good news is that The Construction Enquirer has reported that the number ofconstruction firm insolvencies fell by 5% during Q1 2013.
The Nationwide House Price Index showed prices have remained very flat throughout March with no change against February, however house prices compared to March 2012 were up 0.8% in March 2013. The Halifax House Price Index reported a 0.2% rise in house prices in March 2013, following a 0.5% increase in February, showing that house prices in the first 3 months of 2013 were 1.2% higher than the final 3 months of 2012. To compliment this slight rise in house prices Bellway PLC have announced their half year results to 31st January 2013 with a profit increase of nearly 50% and revenue up by 9.6%.
One other bit of good news is that according to CNinsight, there were £8.5 billion contract wins listed for March 2013 compared to only £274 Million wins in March 2012.