Supply chain and material demand could mean housebuilders face a "brick ceiling" in the next few years after some of the fastest residential growth in the last decade, according to industry experts. Construction activity continued to grow in April but at the slowest pace for six months, according to the latest data from Markit/Chartered Institute of Purchasing & Supply. New business activity grew at its fastest rate since the start of 2014, with respondents particularly noting an increase in housing starts, higher levels of public infrastructure spending and improvement in the economy.
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