Table of Contents
Executive Summary
-
- The market
- Consecutive growth in past five years forecast to be repeated
-
- Figure 1: Forecast UK House building market value, £ billion, 2014-23
- Private sector driving market growth
- Companies and brands
- Help to Buy schemes continue to underpin activity
- Slowing market in London and the South East
- What we think
Issues and Insights
-
- The importance of the Help to Buy scheme
- The facts
- The implications
- Widening skills shortage
- The facts
- The implications
The Market – What You Need to Know
-
- Market value sustained consecutive growth in 2018
- Private sector continues to consolidate
- The market is expected to maintain ongoing growth, driven by private sector
Market Size
-
- Market value sustained consecutive growth in 2018
-
- Figure 2: UK house building market value, £ billion, 2014-18
- Number of new homes continues to grow
-
- Figure 3: UK new permanent dwellings completed, 1969/70-2017/18
Market Segmentation
-
- Private sector continues to consolidate
-
- Figure 4: Permanent dwellings completed, England, Scotland and Wales, by tenure, 2013/14-2017/18
- Public and private new housing construction expenditure reaches new heights
-
- Figure 5: Output in the UK construction industry, private and public, £ million, Q1 2014-Q2 2018
- Flat and housing
-
- Figure 6: England, permanent dwellings completed, by house and flat, %, 2008/09-2017/18
- Construction by region
-
- Figure 7: Total new housing construction output, by region, £ million, Q1 2014-Q2 2018
- Construction by nation
-
- Figure 8: Total private new housing construction output, by nation, £ million, Q2 2018
Market Forecast
-
- The market is expected to maintain ongoing growth
-
- Figure 9: Forecast UK House building market value, £ billion, 2014-23
- Private sector driven by housing under-supply
-
- Figure 10: Forecast private housing output, England, Scotland and Wales, £ million, 2014-23
- Public sector dependent on government strategic commitments
-
- Figure 11: Forecast public housing construction output, England, Scotland and Wales, £ million 2014-23
The Impact of the Economy
-
- Unmatched demand levels continue to overcome unfavourable conditions
Market Trends
-
- House prices continues to rise, but growth rate has slowed
-
- Figure 12: UK Average house price, January 2009-June 2018
- Affordability continues to worsen
-
- Figure 13: England Housing affordability, ratio of median house price to median annual earnings, 2008-17
- Home ownership continues to fall across the UK
-
- Figure 14: UK number of property transactions completed with value of £40,000 or above, 2008/09-2017/18
Market Drivers
-
- Help to Buy scheme continues to bolster the industry
- Growing focus beyond London and the South East
Companies and Brands – What You Need to Know
-
- Infrastructure growth
- Help-to-buy schemes continue to underpin activity
- Slowing market in London and the South East
Industry Structure
-
- Changes in the structure of the industry
-
- Figure 15: Analysis of changes in the development of building projects sector, outlets and businesses, 2013-2017
- Figure 16: Analysis of changes in the construction of residential and non-residential buildings sector, outlets and businesses, 2013-2017
- Structure by employment
-
- Figure 17: Financial analysis of the development of building projects sector, 2016 and 2017
- Figure 18: Financial analysis of the construction of residential and non-residential buildings sector, 2016 and 2017
- Structure by turnover
-
- Figure 19: Analysis of the employment structure of the development of building projects sector, 2016 and 2017
- Figure 20: Analysis of the employment structure of the construction of residential and non-residential buildings sector, 2016 and 2017
Company Profiles
-
- Barratt Developments
-
- Figure 21: Financial analysis of Barratt Development Plc, £ million, 2014-18
- Bellway
-
- Figure 22: Financial analysis of Bellway, £ million, 2013-17
- Berkeley Group
-
- Figure 23: Financial analysis of Berkeley Group, £ million, 2014-18
- Galliford Try
-
- Figure 24: Financial analysis of Galliford Try, £ million, 2013-17
- Persimmon
-
- Figure 25: Financial analysis of Persimmon, £ million, 2013-17
- Taylor Wimpey
-
- Figure 26: Financial analysis of Taylor Wimpey, £ million, 2013-17
Appendix – Data Sources, Abbreviations and Supporting Information
-
- Abbreviations
- Methodology
Further Sources and Contacts
-
- Trade associations
- Trade magazines
- Trade events
Back to top