Private housebuilding output dropped sharply in December

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Source: Shutterstock

Official figures show seasonally adjusted fall in output concluded tough final quarter for housebuidling sector

The volume of construction output in the last month of 2022 remained steady as a decline in repair and maintenance work offset an increase in new work, according to the ONS.

The latest growth figures revealed a stark distinction between housing and non-housing work, the former experiencing significant contraction while the latter remain resilient.

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