FMB chief executive Brian Berry described the slowdown, identified in the FMB’s latest economic survey, as a worrying indicator that the UK is failing to build the homes that were desperately needed.
Mr Berry also said builders were concerned at rising overheads, with around 43% of builders telling the FMB they may have to put up their prices in the next six months.
He said the government could help sustain recovery and provide incentives to homeowners to invest by reducing VAT on all housing renovation and repair work from 20% to 5%.
