Sunday, 5 September 2021

Housebuilding Growth Rate ‘Slowest For 15 Months’

The rate of growth in housebuilding work fell to its lowest level last month since the height of the coronavirus pandemic in May 2020, as materials and labour shortages continue to bite. According to the latest construction purchasing managers’ index from IHS Markit and CIPS, the housebuilding industry recorded a score of 55 – still above the “50” mark that denotes growth – but the lowest level seen since the industry was effectively temporarily shut down in spring last year. This is also the first time that the housebuilding industry has recorded an index score of less than 60 since February this year. Read more on the Housing Today website.

https://www.housingtoday.co.uk/news/housebuilding-growth-rate-slowest-for-15-months/5113568.article 

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