Housebuilding was an outlier in the construction sector. The drop in housebuilding came despite improvements in the supply chain, with lead-times for the delivery of materials dropping at the fastest rate since September 2009. With a further rate rise expected next week there will be concerns that things will get worse before they get better for UK house builders.” The removal of this funding will depress housing construction going forwards.ĭr John Glen, Chief Economist at the Chartered Institute of Procurement & Supply (CIPS), said: “It becomes clear that the recent interest rate rises will continue to hamper consumer demand for some time to come. The end of the Help to Buy equity loan scheme, which supported around 50,000 new build home sales a year until it ended in March, has also removed a major source of developer funding. New building regulations that will apply from July will further constrain housing construction, while mortgage rates are likely to rise higher, further weakening demand, Mr Tombs said.
Samuel Tombs, of Pantheon Macroeconomics, said: “We expect the downturn to gather more momentum in Q3.” This would be just half of the Government’s target of building 300,000 homes a year by the mid-2020s. Tory MP Simon Clarke has also criticised Michael Gove, the Housing Secretary, for being “anti-business” regarding his plans to introduce planning permission requirements for short-term lets.Ī report by planning consultancy Lichfields, commissioned by the Home Builders Federation, warned that the Government’s planning policies would see house building in England drop from 233,000 to 156,000 a year. The Prime Minister ditched compulsory local authority housebuilding targets at the end of last year following the threat of a backbench rebellion, making them only “advisory”.īut the move has received its own backlash, with other Tory MPs warning the Conservatives risk becoming “the party of Nimbyism”. Housebuilding in the S&P/CIPS UK construction purchasing managers’ index dropped for the fifth month in a row to 43, with anything below 50 marking a contraction. The lightweight construction lets your horse graze freely with minimised discomfort.Housebuilding has plunged at the fastest pace since the May 2020 lockdown as Michael Gove and Rishi Sunak face a revolt from Tory backbenchers over their planning policies.Ī combination of high mortgage rates, falling buyer demand and the Government’s decision to scrap certain targets meant housing construction fell in April at the steepest rate in almost three years, data showed. The design keeps the muzzle securely in place with its double-buckle closure. The Best Friend Deluxe Grazing Muzzle offers superior comfort with its sheepskin noseband. The Best Friend Deluxe Grazing Muzzle's crown and cheek are designed with a comfortable sheepskin wool interior, helping reduce rubbing and discomfort on your horse's face. You should be able to fit two to three fingers sideways between your horse's face and the muzzle. The Deluxe muzzle has a roomy fit to allow for chewing. Leave approximately one inch between the horse's mouth and the bottom of the muzzle. To use, adjust The Best Friend Grazing Muzzle to the horse using the same principles as the fit of a comfortable halter. Made with a Double crown buckle with padded Leather crown. The newest addition to the Best Friend line of Muzzles for restricting a horses diet. 30" x 8"īest Friend Padded Crown Grazing Muzzle. 28" x 8"ĭraft / Very large breeds such as Percherons, Belgians, etc. Large Horse (Oversize) / Warmbloods and large-faced horses, 1100 to 1600 lbs, 17 hands and over.
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