Construction industry growth is set to hit a six-year low next year, with the Construction Products Association revising its growth estimate for 2018 down to 0.7% from the 1.2% previously forecast.
There are clear signs the sector is slowing, CPA economics director Noble Francis said, warning that next year in particular will be difficult. He noted, however, that activity is currently high, and the association revised its forecast for this year to growth of 1.6% from a previous estimate of 1.3%.
It also forecast that help-to-buy would support a 3% rise in private housing starts this year and a 2% rise next year, slowing from previous years.
Click here for the full Daily Telegraph article
Click here for the full Guardian article
