Do not be fooled by the lockdown easing, housebuilding may never be the same again
Given this week’s shock announcement of a sudden restart to the housing market, and Boris Johnson’s wider easing of current lockdown measures you may be tempted to feel a surge of optimism that everything is going to be all right in the end. After all, we have endured six long weeks of lockdown and the world – if you have not suffered a personal or family tragedy from covid-19 – has not ended: the NHS was not overwhelmed; restrictions are beginning to be eased; housebuilders and housing associations are everywhere trumpeting plans to re-open construction sites; and the talk among many is moving to managing the recovery.
Clearly this week has been a welcome tonic for those in the sector that fear the impact of a prolonged shut-down of the industry. But let us not get ahead of ourselves: For the economy, and by extension the residential development industry, the test posed by covid-19 has only just begun. Here is why.
Only logged in subscribers have access to it. Already a subscriber? Login here
Become a member of Housing Today and gain access to …
Get access to premium content - subscribe today
Register to receive daily newsletters