House Building - UK - November 2017

EXECUTIVE SUMMARY 
The Market
Figure 1: UK housebuilding market, £ billion, 2013-2017
Figure 2: UK new house building completions, dwellings, 1970-2017
Market Segmentation
The private sector continues to dominate house building in both starts and completions
Figure 3: New housebuilding completions, by sector, dwellings, 2013-2017
Figure 4: New housebuilding starts, by sector, dwellings, 2013-2017
Growth in new housebuilding continues to surpass flats
Figure 5: Proportion of new build dwelling completions, by house & flat, % of total, 1992-2017
Regional perspective
Market Factors
Home ownership in the UK
Figure 6: Home ownership in the UK, owner-occupied as a % of all dwellings, 2007-2016
Government perspective and initiatives
UK house pricing
Figure 7: UK House Price Index, August 2008-2017
Figure 8: UK first-time buyer house to earnings ratio, Q1 2012 - Q3 2017
Residential property transactions in the UK
Figure 9: UK property transactions with value of £40,000 or above, quarterly, Q1 2012 – Q2 2017
Market Forecasts
Figure 10: Forecast private housing output, England, Scotland and Wales, £ million, 2018-2022
Figure 11: Forecast public housing output, England, Scotland and Wales, £ million, 2018-2022
Figure 12: UK household projections, number of households, '000, 2017-2027
What we think
KEY ISSUES
Increasing land values north of London and the South East
How has Brexit impacted the market over the past year?
Housing crisis
INTRODUCTION
Issues in the market
Definitions
Methodology
Abbreviations
Market Positioning
UK ECONOMY 
Overview
Figure 13: Forecast GDP development 2017-21, (% Annual Growth)
Figure 14: UK GDP Quarterly Development, 2007-17, (% Quarterly Growth and GDP in £ Billion)
Inflation
Interest rates
House prices
Figure 15: UK House Price changes, 2006-2017, (12 month % change)
Consumer spending
Manufacturing
Figure 16: UK Manufacturing, 2014-17, (Index, 2013 = 100)
Business investment
Figure 17: UK GFCF, 2004-17, (£ Million, Chained Volume Measures, Seasonally Adjusted)
Imports
Exports
MARKET SIZE
Key Points
The Market
Figure 18: UK housebuilding market, £ billion, 2013-2017
Table Highlights
Figure 19: UK new housebuilding completions, dwellings, 1970-2017
MARKET SEGMENTATION 
Key Points
The private sector continues to dominate housebuilding in both starts and completions
Completions
Figure 20: New housebuilding completions, by sector, dwellings, 2013-2017
Figure 21: New housebuilding starts, by sector, dwellings, 2013-2017
Growth in new housebuilding continues to surpass flats
Figure 22: Proportion of new build dwelling completions, by house & flat, % of total, 1992-2017
Regional Housing Construction
Figure 23: Analysis of North East England Housing Construction Output, £ million, Q1 2008- Q2 2017
Figure 24: Analysis of North West England Housing Construction Output, £ million, Q1 2008- Q2 2017
Figure 25: Analysis of Yorkshire and the Humber Housing Construction Output, £ million, Q1 2008- Q2 2017
Figure 26: Analysis of East Midlands Housing Construction Output, £ million, Q1 2008- Q2 2017
Figure 27: Analysis of the West Midlands Housing Construction Output, £ million, Q1 2008- Q2 2017
Figure 28: Analysis of the East of England Housing Construction Output, £ million, Q1 2008- Q2 2017
Figure 29: Analysis of London Housing Construction Output, £ million, Q1 2008- Q2 2017
Figure 30: Analysis of the South East of England Housing Construction Output, £ million, Q1 2008- Q2 2017
Figure 31: Analysis of the South West of England Housing Construction Output, £ million, Q1 2008- Q2 2017
Figure 32: Analysis of UK Public Housing Construction Output, by nation, £ million, Q2 2017
Figure 33: Analysis of UK Private Housing Construction Output, by nation, £ million, Q2 2017
MARKET FACTORS
Key Points
Home Ownership in the UK
Figure 34: Home ownership in the UK, owner-occupied as a % of all dwellings, 2007-2016
Government perspective
Government Initiatives
UK House Prices
Figure 35: UK House Price Index, August 2008-2017
Figure 36: UK first-time buyer house to earnings ratio, Q1 2012 - Q3 2017
Residential property transactions in the UK
Figure 37: UK property transactions with value of £40,000 or above, quarterly, Q1 2012 – Q2 2017
Economy
INDUSTRY STRUCTURE 
Key Points
Industry Development
Changes in Industry Structure
Figure 38: Analysis of changes in the development of building projects sector, outlets & businesses, % change, 2013-2017
Figure 39: Analysis of changes in the construction of residential and non-residential buildings sector, outlets & businesses, % change, 2013-2017
By Turnover
Figure 40: Financial analysis of the development of building projects sector, £'000, % of total, 2016 & 2017
Figure 41: Financial analysis of the construction of residential and non-residential buildings sector, £'000, % of total, 2016 & 2017
By Employment
Figure 42: Analysis of the employment structure of the development of building projects sector, % of total, 2016 & 2017
Figure 43: Analysis of the employment structure of the construction of residential and non-residential buildings sector, % of total, 2016 & 2017
COMPANY PROFILES 
BARRATT DEVELOPMENTS
Figure 44: Financial Analysis of Barratt Developments Plc, £ million, 2013-2017
Recent Company Activity
Company Strategy
BELLWAY 
Figure 45: Financial Analysis of Bellway, £ million, 2012-2016
Company Strategy
BERKELEY GROUP
Figure 46: Financial Analysis of Berkeley Group, £ million, 2013-2017
Recent Company Activity
Company Strategy
BOVIS HOMES GROUP 
Figure 47: Financial Analysis of Bovis Homes Group, £ million, 2012-2016
Recent Company Activity
Company Strategy
CREST NICHOLSON HOLDINGS
Figure 48: Financial Analysis of Crest Nicholson Holdings Plc, £ million, 2012-2016
Recent Company Activity
Company Strategy
GALLIFORD TRY 
Figure 49: Financial Analysis of Galliford Try, £ million, 2013-2017
Recent Company Activity
Company Strategy
PERSIMMON 
Figure 50: Financial Analysis of Persimmon, £ million, 2012-2016
Recent Company Activity
Company Strategy
REDROW 
Figure 51: Financial Analysis of Redrow Plc, £ million, 2013-2017
Recent Company Activity
Company Strategy
TAYLOR WIMPEY 
Figure 52: Financial Analysis of Taylor Wimpey Plc, £ million, 2012-2016
Company Strategy
MARKET FORECAST 
Key Points
The government’s renewed housing strategy
Help-to-Buy scheme
The market
Figure 53: Forecast private housing output, England, Scotland and Wales, £ million, 2018-2022
Figure 54: Forecast public housing output, England, Scotland and Wales, £ million, 2018-2022
Figure 55: UK household projections, number of households, '000, 2017-2027
FURTHER SOURCES & CONTACTS
Trade Associations
Home Builders 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
Affordable Home Ownership Conference
Annual Conference and Housing Exhibition
Housing Finance Conference and Exhibition
Homebuilding & Renovating Show