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Building & Construction News: Construction of new build properties 'hampered by loss of confidence'
The number of new build properties being constructed is being hampered by the loss of householder confidence.
This is the opinion of Brian Berry, director of external affairs at the Federation of Master Builders, who noted that the picture "is very different from what is happening in the other parts of the construction industry because it mirrors the housing market".
"That is connected of course by the stagnation in house building and the fact that householders have lost confidence," he explained.
Homeowners are concerned about their job security, the public sector cuts and frozen salaries, which is resulting in reduced expenditure on home improvements.
Mr Berry's comments follow data from the Office for National Statistics showing the total volume of all new construction orders in the first quarter of the year was down 23 per cent in comparison with the final three months of 2010.
It was also down 18 per cent compared with the same period last year.
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