Jobless figures 'holding back' housing market

Property experts say the housing market cannot bottom out until confidence returns to the jobs market.

Property experts say the housing market cannot bottom out until confidence returns to the jobs market.

September was another bad month for the construction sector, with activity falling at its sharpest pace in 16 months.

The latest negative data from the Ulster Bank Construction Index comes after the previous two months showed the rate of decline had eased.

Chief economist with Ulster Bank Simon Barry said: "One of the factors holding back the level of activity is that there's still a lot of lingering uncertainty about people's job and income prospects."

more courts articles

Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court
Defendant in Cobh murder case further remanded in custody Defendant in Cobh murder case further remanded in custody

More in this section

Number of Catholic marriages fall in 2023 with almost a third opting for civil ceremonies Number of Catholic marriages fall in 2023 with almost a third opting for civil ceremonies
Five charged as garda commissioner condemns 'unacceptable scenes' at Newtownmountkennedy Five charged as garda commissioner condemns 'unacceptable scenes' at Newtownmountkennedy
Gardaí at scene of fire at disused property in Co Wicklow Gardaí at scene of fire at disused property in Co Wicklow
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited