Table of Contents
Executive Summary
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- The market
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- Figure 1: UK housebuilding completions, 1970-2016
- Figure 2: Housebuilding market in Great Britain, 2012-16 and forecast 2017-21
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- Figure 3: Comparison of private and public housing construction output in Great Britain, 2012-16
- Figure 4: Country segmentation of private sector housing completions in the UK, 2015-16
- Market factors
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- Figure 5: House price index, 2016-17
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- Figure 6: Residential property transactions in the UK, 2007-16
- Figure 7: Residential mortgages in the UK, 2007-16
- Consumer research
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- Figure 8: Preferences for new build versus previously owned, August 2016
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- Figure 9: Available choices with new build, August 2016
- Companies
- What we think
Key Insights
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- Will the February 2017 government White Paper address the housing shortage?
- Are first-time buyers being priced out of the market?
- Housebuilding is cyclical, so would a slowing economy reduce output despite demand?
Introduction
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- Issues in the market
- Definitions
- Methodology
- Abbreviations
- Market positioning
UK Economy
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- Overview
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- Figure 10: UK GDP quarterly development, 2003-16
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- Figure 11: UK GDP in economic downturns and recoveries since 1979
- Inflation
- Interest rates
- House prices
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- Figure 12: UK House price changes, 2006-16
- Consumer spending
- Manufacturing
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- Figure 13: UK manufacturing, 2014-16
- Business investment
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- Figure 14: UK GFCF 2003-16
- Imports
- Exports
Market Size
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- Key points
- Market size
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- Figure 15: Housebuilding market in Great Britain, 2012-16
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- Figure 16: UK housebuilding completions, 1970-2016
Market Segmentation
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- Key points
- Market segmentation
- Private housebuilding dominates the market
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- Figure 17: Analysis of private housing construction output in Great Britain, 2012-16
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- Figure 18: Private new housing starts and completions in England, 2011-16
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- Figure 19: UK private sector housing completions, by sector, 1978-2016
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- Figure 20: Analysis of new public housing construction output in Great Britain, 2012-16
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- Figure 21: Public housing starts and completions in England, 2011-16
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- Figure 22: UK public sector housing completions, by sector, 1978-2016
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- Figure 23: Additional affordable homes provided in England, by tenure, 2011-16
- Seasonal analysis
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- Figure 24: Seasonality of public housing output in Great Britain, 2012-16
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- Figure 25: Seasonality of private housing output in Great Britain, 2012-16
- Regional analysis
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- Figure 26: Regional public housing construction output in Great Britain, 2012-16
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- Figure 27: Country segmentation of local authority housing completions in the UK, 2015-16
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- Figure 28: Country segmentation of housing association completions in the UK, 2015-16
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- Figure 29: Regional private housing construction output, 2012-16
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- Figure 30: Country segmentation of private sector housing completions in the UK, 2015-16
Market Factors
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- Key points
- Market factors
- Economy
- Demand for housing
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- Figure 31: House price index, 2016-17
- Government initiatives
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- Figure 32: Stamp duty rates after December 2014
- Mortgage availability and property transactions
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- Figure 33: Residential property transactions in the UK, 2007-16
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- Figure 34: Residential mortgages in the UK, 2007-16
- Skilled labour
- Residential land
Industry Structure
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- Key points
- Industry development
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- Figure 35: Number of businesses classified to housebuilding, 2010-15
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- Figure 36: Employment profile of businesses classified to housebuilding, 2015
- Company profiles
Barratt Developments
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- Figure 37: Financial analysis of Barratt Developments, 2011-16
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- Figure 38: Types of houses completed by Barratt Developments, 2016
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- Figure 39: Customer analysis of Barratt Developments houses, 2016
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- Figure 40: Geographic analysis of Barratt Developments houses, 2016
- Company strategy
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Bellway
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- Figure 41: Financial analysis of Bellway, 2012-16
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- Figure 42: House sales analysis of Bellway, 2016
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- Figure 43: Geographic analysis of Bellway house sales, 2016
- Company strategy
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Berkeley Group
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- Figure 44: Financial analysis of The Berkeley Group, 2012-16
- Company strategy
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Bovis Homes Group
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- Figure 45: Financial analysis of Bovis Homes Group, 2011-15
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- Figure 46: Geographic analysis of Bovis Homes house completions, 2015
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- Figure 47: Types of houses completed by Bovis Homes, 2015
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- Figure 48: Construction of houses completed by Bovis Homes, 2011-15
- Company strategy
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Countryside Properties
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- Figure 49: Financial analysis of Countryside Properties (UK), 2011-15
- Company strategy
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Crest Nicholson Holdings
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- Figure 50: Financial analysis of Crest Nicholson Holdings, 2012-16
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- Figure 51: Segmentation of Crest Nicholson homes constructed, 2016
- Company strategy
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Galliford Try
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- Figure 52: Financial analysis of Galliford Try, 2012-16
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- Figure 53: Turnover segmentation of Galliford Try, 2016
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- Figure 54: House completion segmentation of Linden Homes, 2016
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- Figure 55: Geographic house completion segmentation of Linden Homes, 2016
- Company strategy
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Morris Homes
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- Figure 56: Financial analysis of Morris Homes, 2011-15
- Company strategy
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Persimmon
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- Figure 57: Financial analysis of Persimmon, 2011-15
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- Figure 58: Revenue breakdown of Persimmon, 2015
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- Figure 59: Geographic breakdown of Persimmon, 2015
- Company strategy
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Redrow
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- Figure 60: Financial analysis of Redrow, 2012-16
- Company strategy
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Taylor Wimpey
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- Figure 61: House completion profile for Taylor Wimpey, North Division, 2015
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- Figure 62: House completion profile for Taylor Wimpey, Central and South West Division, 2015
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- Figure 63: House completion profile for Taylor Wimpey, London and South East Division, 2015
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- Figure 64: Financial analysis of Taylor Wimpey, 2011-15
- Company strategy
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Consumer Research
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- Purchasing activity
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- Figure 65: Sale and purchase of residential property, August 2016
- Type of property bought
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- Figure 66: Type of property bought, August 2016
- Available choices with new build
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- Figure 67: Available choices with new build, August 2016
- Perceived advantages of new build
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- Figure 68: Perceived advantages of new build, August 2016
- Preferences for new build versus previously owned
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- Figure 69: Preferences for new build versus previously owned, August 2016
Forecast
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- Key points
- The Government White Paper
- Speeding up housebuilding
- Diversifying the market
- Homeowners
- Affordable Rent and Rent to Buy
- Renters
- Green belt
- Empty homes
- Leasehold
- Reactions to the White Paper
- Content
- Build to rent
- Modular construction
- Encouraging small builders
- The market
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- Figure 70: Forecast private housing output in Great Britain, 201721
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- Figure 71: Forecast public housing output in Great Britain, 2017-21
Further Sources & Contacts
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- Trade Associations
- Housebuilders Federation
- National Council of Building Material Producers
- National Housebuilding Council
- National Housing Federation
- Chartered Institute of Building (CIOB)
- Construction Industry Research & Information Association
- Trade magazines
- The Builder
- Builder & Engineer
- Building
- Building Design
- Building Design & Construction
- Building News
- Construction Europe
- Construction News
- Housebuilder
- Housebuilder & Developer
- Housing Active
- International Construction
- Local Authority Building & Maintenance
- Professional Builder
- Professional Builders Merchant
- Professional Housebuilder & Property Developer
- Show House
- UK Construction
- Trade exhibitions
- 100% Design 2013
- Affordable Home Ownership and Intermediate Housing Conference and Exhibition 2013
- Annual Conference and Social Housing Exhibition 2012
- Community Land Trusts Conference and Exhibition 2012
- Conference and Exhibition for Smaller Housing Associations 2012
- Housing Development Conference and Exhibition 2013
- Housing Finance Conference and Exhibition 2013
- National Homebuilding & Renovating Show 2013
- Northern Homebuilding & Renovating Show 2013
- Scottish Homebuilding & Renovating Show 2013
- Social Housing Exhibition
- Southern Homebuilding & Renovating Show 2013
- South-West Homebuilding & Renovating Show 2013
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