Continued strong growth in housebuilding reported in April

House building

Latest purchasing managers’ index shows ‘hot’ market is feeding fastest rise in construction costs in 20 years

Housebuilding work continued to grow apace in April but the rate of growth fell back from its recent high in March, according to the latest construction purchasing managers’ index.

However, the body said the rate of construction cost inflation had grown for the seventh consecutive month, and had now hit the highest level ever recorded.

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