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Housing Today
Trusted media brand of the Chartered Institute of Housing
Housebuilding output to fall 11% this year, says CPA
Predicted drop in new build housing predicted with starts to drop 14%
Construction is set for recession this year with output set to fall 4.7% according to the Construction Products Association’s (CPA) winter forecast.
Private housing new build and private housing repair, maintenance and improvement – the largest and third largest construction sectors – are set to be the worst affected, with falls in these areas partially offset by continued growth in infrastructure.
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