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 New figures released by the Office for National Statistics (ONS) today have shown that construction in the UK was down by 17 per cent during April compared to a year earlier.
With the number of mortgage approvals falling and transactions recently hitting their lowest levels for 30 years, these latest statistics are another blow for the slumping housing market.
The ONS confirmed that orders in the three months prior to April fell by 25 per cent compared with the previous three months, and by 35 per cent in relation to the equivalent period in 2007.
Steve Turner, spokesman for the Home Builders' Federation (HBF), said: "The industry has been gearing up to meet the challenging target of three million new homes required by 2020 under government proposals - therefore potentially increasing supply.
"However, developers have been reticent to build with buyers unable to afford property."
The ONS research also showed that public housing and housing association orders in the three months leading up to April plummeted by 26 per cent compared with the previous three-month period, and by 23 per cent in relation to the same period last year.
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