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Housing Today
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Housebuilding activity falls at fastest rate since lockdown
Purchasing managers say existing build slowdown accelerated in March
Housebuilding activity fell at the fastest rate since the height of the covid lockdown in March, as rising borrowing costs led to a slowdown in building projects.
The latest S&P Global/CIPS UK purchasing managers survey published today found that housebuilding activity fell to an index score 44.2 last month – where any score below 50 represents decline in output – down from 47.4 in February.
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