Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
First official figures for covid period show housing industry's contribution to steepest ever contraction in UK GDP
Housebuilding output dropped by more than 50% in the second quarter of the year, according ot the first official figures covering the period most affected by the coronavirus lockdown of the economy.
The Office of National Statistics said that housebuilding output dropped by 52% overall in the second quarter of the year, the worst affected area of construction, contributing to a 35% drop in overall construction work.
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
It takes less than one minute….
… or subscribe for full access - Subscribe now