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Downturn online: EAST MIDLANDS

As the credit crunch bites volume house builders have shifted their focus into social house building and contracts bringing public homes up to decent standards.

The value of work in the East Midlands shows this trend as much as any other area.

Glenigan figures put the value of social housing work for the first seven months of 2008 at £100 million, compared to £163 million the whole of the previous year.

The value of planning approvals for social homes stands at £117 million with five months remaining left compared to £128 million for the whole of last year.

A dip in consumer spending has hit retail development. Glenigan figures show that the value of starts on site have slumped from £152 million during the whole of 2007 to £35 million for this year to July. The value of retail planning approvals for the first seven months of 2008 stand at £64 million.

Despite seeing a barrage of planning approvals go through in industrial in 2007 valued at £502 million, with starts the same year valued at £353 million, this year the value of industrial starts stand at £179 million.

The fall in confidence is reflected in planning approvals for the sector this year standing at £171 million.

The value of starts on amenity work currently stands at £42 million compared to £137 million for the whole of 2007.