Big drop in construction orders puts housing plans at risk

摘要

A sharp fall in construction orders over the past three months is likely to lead to a slowdown in the housebuilding sector in the next year, casting doubt on government targets. Construction orders have fallen more than 8% over the past quarter, according to official figures released last week that have added to concern over problems in the financial markets. Two large housebuilders have also warned of falling completions, suggesting that the turmoil is taking its toll on consumer confidence.