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Will The UK Meet House Building Targets?

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  • Will The UK Meet House Building Targets?

    Evening All,

    Quick note from us (Safe Fence) on our view on the construction industry and what we are seeing in terms of demand for construction site hoarding and security fencing for the coming year. Would love to hear your views & thoughts on the below:

    Will The UK Meet House Building Targets?

    Following on from the general election, the Government set an ambitious pledge to build one million homes in England by 2020. Roughly, this would mean that 200,000 homes would need to be built every year, which represents the highest levels of house building since 1989. But can the UK realistically build enough houses to keep up with demand?

    Causes of a housing shortage in the UK

    The planning system and local opposition to building were two of the main reasons cited. The Home Builders Federation says that while things have improved recently the planning system is "still far too slow, bureaucratic and expensive".
    Growing lack of skills & materials.
    Fewer small medium sized house builders.
    Land banking

    On a quarterly basis, house-building starts in England were estimated at 35,530 (seasonally adjusted) in the first quarter of 2016, a 3 per cent decrease compared to the previous 3 months and 9 per cent decrease on a year earlier. So we certainly dont seem to have begun making much headway towards reaching our target. Even though starts are now 107 per cent above the trough in the March quarter 2009 but 27 per cent below the March quarter 2007 peak.
    A decade ago, the Barker Review of Housing Supply noted that about 250,000 homes needed to be built every year to prevent spiraling house prices and a shortage of affordable homes. As many house builders are now aware there is a growing impetus to create affordable homes, however the demands from local councils on house builders to include affordable housing within their latest developments is discouraging many of them from undertaking the work, only further exacerbating the problem.

    Having said this there does appear to be a renewed optimism surrounding house building in 2017. The government appears to be supporting of the house building sector, keen to promote growth in the UK following brexit. House-builders provide the perfect target to support growth in the UK alongside challenging social issues.

    It is notable that we have seen record demand for construction site hoarding in November and December of this year, a time in which typically builders would be wrapping up projects for the winter not starting new ones. We have also seen the development of previous sites that were part of land banking schemes being developed on which makes us optimistic that 2017 will be a record breaking year for house building over the last decade.

    Given the UKs track records of missing house-building targets we highly doubt that the UK will suddenly begin to meet them. Having said this we are optimistic that with a favorable government and excess demand there will be further growth in UK house building in 2017, making up a core part of UK economic growth.

    Please leave your thoughts and comments!

  • #2
    there's a squadron of pigs circling overhead ....... asking permission to land ........ that about sums up the chances
    If it's got tracks, wheels, t*ts, or an engine, at some point it's gonna give you trouble!!

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    • #3
      Construction of more apartments is a Shortsighted Attitude. Ground costs in London are big-budget Because of bounded availability.The government needs to immediately cut out from a one size fits all approach against housing societies if it is to meet its target of one million new homes by 2020 More people than ever are quite to renting.

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      • #4
        Originally posted by JamesRobert View Post
        Construction of more apartments is a Shortsighted Attitude. Ground costs in London are big-budget Because of bounded availability.The government needs to immediately cut out from a one size fits all approach against housing societies if it is to meet its target of one million new homes by 2020 More people than ever are quite to renting.
        And if all the ****ing councils hadn't given away their housing stocks (and I do not recall giving our local buggers the mandate to do so - what happens when they want some collateral??) they'd still have plenty of rental units to fill the demand.
        Public money paid for all the council housing stock ..... the whole population should have been consulted, not just the ****ing tenants .. a lot of the bar stewards had never contributed to them anyway

        All these housing associations are just another license to print scam. They get cheap ground, or access to land that no other builder could have (rural exception sites for instance - at 'ag+' rates ), cheap government (read TAX PAYER'S) money and unbelievable planning concessions ...... then on top they pay themselves inordinate salaries, from said tax payer's money. WTF dreamt up housing associations as a panacea ??!!

        In case you can't tell ...... they really piss me off
        If it's got tracks, wheels, t*ts, or an engine, at some point it's gonna give you trouble!!

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        • #5
          I agree that the planning process isn't helping the UK build more homes and the Government's idea of building upwards is just brushing over the fact that there is a shortage of land for many reasons. Also, building upwards only really benefits those wanting to live in cities, which will stretch the public services in those areas to breaking point (even more so!) and does nothing for our rural communities.

          There are almost 911,000 family construction firms in the UK who will have a huge role to play if the UK Government is to reach the housing target. I'm sure these firms would love to build more houses but banks aren't lending to them so they have to find other sources of funding, which is time-consuming, probably extremely frustrating and most definitely confusing

          On a plus point, there is still money to be made in the construction industry [https://www.volofs.co.uk/the-rich-li...construction/] but I wonder if these individuals have had help from the Government to get where they are today.

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          • #6
            Link now fixed, sorry

            https://www.volofs.co.uk/the-rich-li...-construction/ This really is an interesting read

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            • #7
              Originally posted by JennaBanks View Post
              Thank you for sharing this amazing list.

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              • #8
                Originally posted by JamieConnor View Post
                Thank you for sharing this amazing list.
                was reading that the other day somewhere .... fuming .... old school tie brigade, funny hand shakers and back scratchers anonymous, the lot of 'em
                If it's got tracks, wheels, t*ts, or an engine, at some point it's gonna give you trouble!!

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