Construction Output Falls to Historic Low in April

Construction output decreased by 40.1% in April, the largest month-on-month drop in growth since records began in January 2010, it has been announced. 

Data from the Office for National Statistics (ONS) published on Friday revealed the historic impact of the Covid-19 upon the construction sector and the UK economy as a whole. 

In total, the UK economy shrunk by 20.4%, a contraction three times greater than the decline experienced during the financial crisis in 2008-09, but the situation is starker for construction.

New construction work accounts for roughly two-thirds of all building work, and this fell by 41.2% in April. Private housing (work commissioned by individuals) suffered the biggest slump of 59.2%, while developer homes decreased by 39.7%.

Repair and maintenance work dropped 38.1%, which accounts for approximately one third of all building work. 

April is The Low Point

While the findings paint a grim picture for construction, the ONS hypothesises that building work and total economic activity is now likely to have picked up after the government eased lockdown restrictions in May. 

“It’s highly likely April will be the low point,” said Jonathan Athow, deputy national statistician for economic statistics at the ONS.

“Our own surveys and wider indicators

Pincher Defends Affordable Housing Supply Through Right to Buy

The Right to Buy directly increases the supply of affordable housing supply, according to housing minister Christopher Pincher.

Mr Pincher was speaking at a committee of MPs this week where he was pressed on the efficacy of the scheme for providing affordable housing in England.

The Right to Buy allows council tenants to purchase their homes at a discount, with councils only allowed to keep around a third of the money it receives from sales.

However, as many as 40% of homes sold under the scheme have ended up in the possession of private landlords, it was reported in December 2017, rather than boosting the amount of affordable housing in England. 

Mr Pincher told the Housing, Communities and Local Government Select Committee that the 120,000 council homes sold off “in recent years” have been replaced by 140,000 new builds.

But the minister subsequently admitted that this figure represented all affordable homes completed, rather than just council homes for social rent. 

He said: “My point is that if we weren’t selling those homes to the people that wanted them, I think you would find that those homes that are built as a result of those sales would be much less likely

Vivint Home Security 2020 Review

Vivint has over 20 years of experience in the home security industry. In 2011, it rebranded as and shifted its focus to wireless home security as part of an entire suite of smart home gadgets. Today, the company’s home technology is fully integrated and can be controlled from the Vivint smart home app.

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Pros and Cons of Vivint Home Security

If you’re just looking for a quick overview of Vivint, here are some important factors to consider.

Vivint Pros and Cons

ProsCons
ProsCons
Offers in-house professional monitoringHas a high upfront equipment cost and lengthy financing plan
Integrates with third-party smart home devices like Nest thermostat, Philips Hue smart lights, etc.There’s no DIY installation option
Provides a feature-rich, customizable system that’s easy to useHas an