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Housebuilding sector under pressure

News that housebuilding in the UK has fallen for the first time in 12 months is a worrying sign for the industry and a worrying sign for the UK economy as a whole. A survey released today cast a very dark shadow over the sector with confirmation that orders fell in September for the fourth straight month, job losses are increasing and work rates on offer to subcontractors have been slashed of late. All in all it seems as though the miniboom in the UK housing sector only a few months ago is coming to an end.

There is also the issue of funding for the UK housing arena with mortgage liquidity falling back to credit crunch/recession levels and many banks unwilling or unable to approve mortgages. If liquidity is not forthcoming for the sector then this will impact upon new house builds in the short to medium term and will also have an impact on the wider market. This is a very worrying sign for the sector amid indications that the construction sector as a whole is beginning to see the recovery in recent months tailing off. Many believe it is only a matter of time before the Bank of England steps forward with a new quantitative easing programme to try and inject more capital into the UK economy and keep businesses afloat in the short to medium term.

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