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Less new homes are being built

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According to reports there has been 19 percent decline in new homes being built compared to this time last year. With further report of a 5 percent decline in new orders for constructions, it seem the shortage could cause prices to rise due to lack of properties available to meet demands.


It also seem that the government hasnt put in any measure to help stimulate the construction industry, as suggested in the pre-budget report.

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