Fall in housebuilding as 1.1m remain on waiting lists
THE next government faces increased pressure to boost housebuilding rates after construction firms have reported a slump in the run-up to the general election.
S&P Global’s latest construction survey, published today, revealed last month’s housing output had fallen to its lowest level since February following its first rise for 19 months in May.
With 1.1 million people on a waiting list for social housing, industry experts said businesses are looking to ministers to spell out how they will re-stimulate the market and support long-term growth.
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