Private housing starts to drop 10% next year, says CPA

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Materials body makes sharp downward revisions to forecasts in wake of turmoil caused by mini budget

Private housing starts are set to fall by 10% next year as housebuilding output drops sharply, according to the latest economic forecast from the Construction Products Association.

The materials trade body said it now expected output from the housing development industry to fall by 8.7% overall as completions also slump, in forecasts revised down sharply in the wake of the turmoil caused by the mini-budget and its aftermath.

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