Construction SMEs forecast weaker market

A fifth of construction SMEs have seen projects stall in the past three months due to loan delays or refusals, according to the latest Federation of Master Builders state of trade survey. It also revealed that despite workloads for construction SMEs growing in Q4 2018, 42% of builders said they have detected signs of a weakening housing market. “Rising costs, coupled with steadily increasing material prices since the UK referendum, are squeezing the margins of constructions SMEs,” said Brian Berry, chief executive at the FMB.

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