The Guardian note how “Britain’s biggest housebuilder has warned that conditions will “continue to be difficult” for the housing industry over the coming months as potential buyers struggle with the rising cost of home loans.” They also discuss how this may as a result cause a problem for the availability of houses in the future, saying “[m]any economists and some ministers agree that the UK housing industry is not building enough homes to meet longer-term demand, which has sustained house prices near record levels even with economic growth faltering. Average house prices fell by 5.3% in the year to August to about £259,000, according to Nationwide building society.”

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Read the full article here: Housing industry faces difficult months ahead amid weak demand, says Barratt | Barratt Developments | The Guardian