New data reveals impact of Covid-19 on construction
Figures show that the coronavirus crisis has led to the shutdown of 2,000 construction sites, with schemes due to provide nearly 300,000 homes paused.
Analysis by construction data firm Barbour ABI, carried out for industry publication Housing Today, found that out of 3,120 residential schemes recorded as under construction, work has now halted on 2,231 of them, equivalent to 72 per cent.
One potential scenario proposed by the Office for Budget Responsibility (OBR) indicates construction output may fall by 70 per cent in Q2 as a result of the lockdown. However this scenario is one of several, and is based on economic presumptions. Read more here.