Public Housebuilding 'To Fall 10%'

Public sector house building is likely to suffer a ‘sharp’ 10% fall this year and 5% next as a result of government policy changes. This is the forecast from economists at the Construction Products Association, the body representing manufacturers and distributors of construction products in the UK. It said total construction output is expected to rise by 4.9%, and private house building is expected to rise by 9% this year. However, public house building – carried out by councils and housing associations – is expected to decrease for the next two years, and remain flat in 2017. Read more on the CPA website.