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Housing Today
Trusted media brand of the Chartered Institute of Housing
Housebuilding growth falls to lowest level since end of 2020 lockdown
Getting hold of labour and materials causing “severe” loss of momentum in construction, purchasing managers’ index finds
Growth in housebuilding activity in September fell to its weakest level since the initial recovery from the 2020 spring lockdown as supply chain problems took their toll.
The latest figures from the monthly Purchasing Mangers’ Index produced by CIPS and IHS Markit show that growth in housebuilding activity fell to 52.8, where any figure above 50 represents positive growth.
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