It’s time for a reality check on just how bad the situation is

We all know it’s been bad in housebuilding, but sometimes you have to look at the figures again to remind yourself just how bad things have been.

The release of the latest housing figures provides that reality check, as the graph below so clearly illustrates. It’s been carnage and it is a long way back even to meet pre-credit crunch levels of building.

To read the rest of this Brickonomics blog post, click here.