Note: Following the publication of government statistics on housing construction in Q3 2023 today, we are sending clients a revised version of this Update first published on 11 January.
Barring Q2 2020, when lockdown caused construction activity to cease temporarily, housing starts slumped to their lowest level since 2009 in Q3 last year. While that was partly due to the enforcement of new building regulations, more timely data show only a partial recovery in Q4. But our new, higher forecasts for housing market activity suggest we are nearing a turning point.
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