While mortgage lending has softened in recent months, housebuilders have fared better, increasing the rate of construction in Q1 – a trend we expect to continue. And, with the first quarter’s economic weakness set to be a one-off and employment at record levels, we think lending will make modest gains over the rest of the year too.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services