On top of this mortgage approvals are now at a 5-year high according to the Bank of England, so things definitely seem to be looking up for 2014.
(PRWEB UK) 23 January 2014
According to the Markit/CIPS Construction PMI released earlier this week, house building has become the fastest growing sector in UK construction, which has been very much welcomed by the Door Store who are the UK’s leading online supplier of doors and door handles.
Since 2007, the company noticed a sizeable downturn in recent years with some of their products such as door handles, which would have previously been a very good seller in the years leading up to the economic crash. Being in the industry since 1975 however, the company is well accustomed to the peaks and troughs of the construction industry as well as the economy itself as they tend to go hand in hand. As a long term thinking retailer, they realise that these economic downturns tend to run their course but they are very much encouraged by the news regarding housing building, which is an excellent source of revenue for the company as they are a highly trusted source for both those in the construction industry as well as KEY enthusiasts.
It is definitely an encouraging sign that the private sector is seeing such an influx of growth as generally this is the sector that gets hit the hardest as small companies are unable to sustain the tight economic squeeze which leads to downscaling and job losses.
As well as a boost in house building, there has also been a surge in the housing market, which is also being helped by the government who are helping buyers get access to mortgages with schemes set up specifically to boost their chances. On top of this, mortgage approvals themselves are now at a 5-year high according to the Bank of England, so things definitely seem to be looking up for 2014.
For people in the construction industry or for those interested in home improvement, they can visit The Door Store at http://www.doorstore.co.uk.