Housebuilders stay cautious despite sales boom

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Senior industry figures tell Housing Today market risks are holding back investment despite ‘gangbusters’ sales market

Housebuilders are remaining cautious about investing in new developments despite a much stronger than expected housing market over the summer, given concerns over the possible impact of the winding up of the government’s furlough scheme and a second wave of covid-19 infections.

Housebuilders spoken to by Housing Today about the state of the industry going in to autumn said there was still caution over investing in new schemes despite experiencing a rapid recovery in the housing market since lockdown rules were eased in May.

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