Housebuilding Going Off a Cliff?

Worrying data from the CIPS showing a sharp drop in purchasing managers’ confidence in the residential construction category. Suggests a lack of confidence in the government’s ability to make housebuilding its main domestic mission…

Actual 2017 housing starts are at a ten-year high, with the National House-Building Council expecting housing starts to rise further in 2018. Anecdotal evidence from industry sources suggests foreign construction workers are becoming scarce as returning growth in Europe attracts them to return home. Labour supply may well be a limiting factor for housebuilders…

H/T @rupert_seggins, @GeorgeTrefgarne



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Quote of the Day

Boris on Osborne and Project Fear:

Unemployment has fallen by 250,000 to a new low of 4.2 per cent while record numbers of jobs have been created – including no fewer than 8 for the former chancellor and chief architect of project fear who has become a glorious living rebuttal of his own preposterous warnings.”

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