Housing association says materials and labour shortages send build rates nosediving

By Carl Brown2021-11-16T06:00:00

Sovereign revises down number of homes it expects to complete by around 800

An Essex housing association has completed barely half of its planned development programme for the first half of the financial year because of problems getting hold of materials.

Romford-based Sovereign yesterday said in a trading update for the six months to September that it had completed 458 homes in the year to date, significantly less than the 857 it had budgeted for.

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