Construction activity is expected to remain flat at best next year as the industry grapples with Brexit uncertainty, the Construction Products Association (CPA) has warned.
A sharp fall in commercial office building and retail jobs is likely to drag down activity in 2018, despite growth in private housebuilding and infrastructure.
Housebuilding will continue to be a primary driver of growth, with private housing starts rising by 5% in 2017 and 2% in 2018.
In Q2 2017 the government’s Help to Buy equity loan scheme accounted for 40% of new homes and has been a significant policy for supporting building activity. The additional £10bn that government announced for the scheme in October will continue to sustain housebuilding, despite the slowdown in the general housing market.
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