Legal & General quits modular housing production
Legal & General is shutting its house-building factory and quitting the prefab market.
Source: theconstructionindex.co.uk
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Legal & General is shutting its house-building factory and quitting the prefab market.
The finance-to-property group has said it plans to cease production at the site in Selby, North Yorkshire, after years of weak demand.
Legal & General is to shut down production at its modular housing factory in North Yorkshire, putting 475 jobs at risk.
The company has faced significant rises in timber and steel prices, which have been putting pressure on the cost of producing homes.