And it looks like there is worse to come, according to Glenigan figures for planning approvals. In 2007 approvals for private housing were worth £1.9 billion but that value currently stands at £1.04 billion with just five months left this year.
Social housing bucks that trend. Starts on site last year were valued at £656 million and so far this year the value is already almost past that at £629 million.
Glenigan figures show that the value for industrial and offices or commercial developments have been hit.
For industrial the value for the 2008 to July stands at £97 million compared to £180 million for the whole of last year. Offices and commercial developments stand at £638 million while the whole of last year the value was £1.3 billion.
Hotel and leisure is not being affected too heavily as yet. Glenigan shows that the value so far this year of work in the sector stands at £162 million compared to £207 million for the whole of last year.
The value of utilities work so far this year stands at £122 million compared to £84 million for the whole of 2007.