Housebuilding work grows at fastest pace in almost 20 years

Housebuilding

Purchasing managers sound warning over pressure on costs and margins amid booming market

Construction output has hit a 24 year high driven by a booming housing market and a recovering commercial sector, the latest monthly figures from the IHS Markit/CIPS survey have said.

But the latest data underlined the problems many are now facing over materials and labour shortages with the problems sending business confidence in construction to a six month low.

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