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PArlon[Tom Parlon of the Construction Industry Federation]

The head of the Construction Industry Federation (CIF) says house prices need to increase in order for the building of residential properties to become more cost effective.

Tom Parlon says it’s currently not viable to build a house for the price they are selling at.

The comments come following the release of figures today which show that the number of planning applications and new builds are down on 2013 levels.

House prices ‘need to increase’, says CIF head (Breaking News)

Previously: The Minsky Cycle And You