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Housing Today
Trusted media brand of the Chartered Institute of Housing
Output to sink by 2% this year as inflation continues drag on housing work, CPA warns
New build housing and repairs and maintenance sectors to both slump by 4% this year before recovering in 2025, according to new forecast
Construction output is set to slump by 2.1% this year due to falls in private housing newbuild work and repair, maintenance and improvement, according to the Construction Products Assocation (CPA).
The industry’s two biggest sectors have been hit by increasing mortgage rates and the cost of living crisis, both symptoms of high levels of inflation in recent years.
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