Housebuilding contracts as industry growth continues to be blunted by inflation woes

By Daniel Gayne2022-07-06T10:07:00

Consumer worries and rising prices blamed for housing’s problems

Last month saw housebuilding activity in the UK fall for the first time since May 2020 as the sector slowdown continued to gather pace in the wake of the cost-of-living crisis

According to the latest PMI data, the sector was the weakest performing area of construction activity for the fourth month running, with an index reading of 49.3 – meaning the sector actually contracted last month.

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