Construction industry heads towards deflation https://t.co/Cas416zC4s #constructionnews #construction #news pic.twitter.com/tjYypP6PF4— Construction Index (@TCIndex) July 21, 2020
Arcadis has downgraded its tender price forecast for 2020 to minus 4% in London and minus 3% in the regions, with the risk of further deflation into 2021.
Starts on new sites are running at about 10% of pre-Covid levels, with just 171,000 new homes expected to be built this year.— Telegraph Business (@telebusiness) July 22, 2020
Storm clouds are gathering over the UK's housebuilders…
Can they fix it? @RachelMillardAS takes a closer look https://t.co/ZHLa2SyPly pic.twitter.com/2Z6UARCrl8
Savills estimates that 171,000 new homes will be built in England this year – 44pc less than last year. Their researchers believe housebuilding might not return to 2019-20 levels until 2022-23, even assuming the economy bounces back next year.
