The latest IHS Markit construction activity index has recorded the fourth successive monthly decrease in housebuilding activity. House price growth has been bumbling along below 1% for the best part of the year, according to Nationwide. Meanwhile the Ministry of Housing, Communities and Local Government’s (MHCLG) data shows new-build housing starts in England falling for the third quarter in a row. The housebuilding data tells a consistent story of where the industry is right now. Like the rest of the nation, it is in waiting and still not entirely sure what the future holds.

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