Architects gloomy about residential work as housing market braces for slump

housing

Expectations of future workloads in private housing slump to lowest level for more than two years in RIBA’s latest Future Trends survey

Expectations of future workloads in the private housing sector hit their lowest point in more than two years last month as soaring inflation and rising mortgage interest costs take their toll on the market.

Architects now expect no growth in orders for private residential projects over the next three months, according to RIBA’s latest Future Trends survey.

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