Phoebus reacts to latest construction figures

06 July 2026

Richard Pike, Sales and Marketing Director at Phoebus Software:

"While the overall slowdown in construction activity may be easing marginally, housing output continues to move in the opposite direction, reflecting the ongoing challenges facing developers across the UK.

“Subdued buyer demand, elevated borrowing costs, and wider economic uncertainty are continuing to weigh heavily on the market. Fewer new-build sales are feeding through into delayed project starts, while intense competition for new work is making it increasingly difficult for firms to maintain momentum. The fact that construction companies have now been cutting jobs for 18 consecutive months underlines the scale of the pressures facing the industry.

“The implications for the housing market are significant. At a time when the Government is seeking to increase housing supply and improve affordability, the continued contraction in housebuilding risks further restricting the flow of new homes coming to market. That will do little to ease long-term supply shortages and could prolong affordability challenges for would-be buyers.”