Small house builders’ workloads have slumped as the recession continues for small to medium sized building firms.
That’s according to the latest State of Trade Survey from the Federation of Master Builders (FMB).
The FMB’s State of Trade Survey shows that workloads in the SME construction sector have declined across all sectors.
An alarming 39% of respondents to the FMB survey reported a decline in private new house building workloads in the third quarter of the year, and 40% predict a further decline in the last three months of this year.
Brian Berry, chief executive said: “There is little doubt that we are in the midst of a serious housing crisis with fewer than half the number of new homes being built to meet current demand. The FMB survey results show that the SME construction sector remains in deep trouble. This time last year we had hoped that we would be seeing at least some signs of recovery on the horizon by now. However, it is becoming clear that that this situation is not going to resolve itself any time soon.
“With the industry in such a fragile state the Government must think very carefully about introducing any new burdens on the house building sector. We want to help the Prime Minister achieve his goal of building more houses in Britain and so we are making the case that now is not the time to be pushing on with policies designed during the economic boom. Instead real progress is required on deregulation.”