The fastest fall in house building activity since May 2020 should be an alarm bell to the Government to sit up and take action, says the Federation of Master Builders (FMB) in response to the latest data from S&P Global / CIPS UK Construction PMI.
Brian Berry, Chief Executive of the FMB said: “For too long we have not been building enough homes to address the growing housing crisis resulting in overcrowding and young people not being able to afford to get on the housing ladder. The Government needs to recommit to building 300,000 every year and give hope to both consumers and house builders alike that it is serious about increasing the supply of new homes.”
Berry concluded: “What is very concerning is that the Government lacks a clear plan to solve the housing crisis with the result that the housing market continues to soften, house prices increase, and more and more people are stuck in rented accommodation. While there are plenty of complex issues holding back house building, fundamentally we just need the Government to get to grips with delivery and allow more local housebuilders to deliver high quality homes fit for their communities.”
Notes to editors
The Federation of Master Builders (FMB) is the largest trade association in the UK construction industry representing thousands of firms in England, Scotland, Wales and Northern Ireland. Established in 1941 to protect the interests of small and medium-sized (SME) construction firms, the FMB is independent and non-profit making, lobbying for members’ interests at both the national and local level.
The FMB is a source of knowledge, professional advice and support for its members, providing a range of modern and relevant business building services to help them succeed. The FMB is committed to raising quality in the construction industry and offers a free Find a Builder service to consumers.
