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Overall leading shares hit a new five and a half year peak.
That helped lift the FTSE 100 to another new (near) five year peak, up 44.78 points to 6339.19.
The Independent understands that it is likely to be eased in time for the Christmas/New Year peak season.
The Manufacturing PMI struck a fresh two-and-a-half year peak as production and new orders rose at, or close to, 19-year record rates.
Overall leading shares ended the week on a downbeat note as investors decided to cash in some profits after the recent rally to a new five year peak.
Housebuilding shares helped push the FTSE 100 to a new 14 year peak in early trading, although the index has since slipped back from that level.
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The number of applications reached a 20-year peak of 800,000 in 2014, a 46% increase on 2013.
The most encouraging sign for the industry last month was that applications for new construction reached a five-year peak.
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