Loss of demand ‘to blame’ for slow housebuilding
Original Article Summary
The main reason the government is missing the 1.5 million housebuilding target is a lack of demand, rather than the root cause being a lack of workers. That is according to Dr David Crosthwaite, chief economist at the Building Cost Information Service (BCIS). He was responding to a claim by the Construction Plant Hire Association, […] The post Loss of demand ‘to blame’ for slow housebuilding appeared first on PropertyWire.
PropMatch Curated Analysis
Chief economist argues government's 1.5 million housing target is constrained by weak buyer demand rather than worker shortages, with high borrowing costs and market uncertainty limiting developer activity.
Investor Relevance
Critical for understanding new build supply constraints, pricing pressures, and market timing. Signals continued supply shortages may support capital growth while highlighting risks from demand weakness affecting sales rates and development viability.
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