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Housing Today
Trusted media brand of the Chartered Institute of Housing
Sovereign build rate halved by materials shortage
Housing association giant says it has completed just 53% of the homes it expected to
Sovereign has completed just 53% of its planned development programme for the first half of the financial year, citing issues with availability of materials.
The housing association giant, in a trading update today, revealed it has completed 458 homes in the year to 30 September 2021, significantly less than the 857 it had budgeted for.
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