Housebuilding activity is expected to remain below its pre-pandemic level until 2023, despite the rapid bounce back in the housing market, according to the latest predictions from Experian.

The firm’s most recent forecast – finalised over Christmas and the new year in the wake of both the Brexit deal and rapidly rising coronavirus infection levels caused by the new variant of covid-19 – said housebuilding output dropped by 22% to just over £35bn in 2020 and will remain below pre-pandemic levels throughout this year and next.

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