By Josephine Smit2019-10-17T05:00:00
Pay is still going up – driven by continuing skills shortages – but the economic climate has constrained wages this year
The latest IHS Markit construction activity index has recorded the fourth successive monthly decrease in housebuilding activity. House price growth has been bumbling along below 1% for the best part of the year, according to Nationwide. Meanwhile the Ministry of Housing, Communities and Local Government’s (MHCLG) data shows new-build housing starts in England falling for the third quarter in a row. The housebuilding data tells a consistent story of where the industry is right now. Like the rest of the nation, it is in waiting and still not entirely sure what the future holds.
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