Lloyds Bank release 2018 Housebuilding Report

Our third annual survey of the UK housebuilding industry comes at a time when interest in the sector and its ability to deliver new homes has never felt stronger.

The housing market has long been subject to Government intervention – the focus of which is transitioning from largely demand-led to supply-led policies and solutions. Our research found an industry that is determined to grow and is using innovative new methods to boost the housing supply.

But housebuilders are facing challenges. Firms told us that Brexit has the potential to limit their access to workers from the EU, while a drop in the number of young people from the UK entering the industry is also contributing to concerns about long-term access to skills. Coupled with planning restrictions and the availability of land, we found a sector facing a unique set of challenges.

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Commercial developers wait for Brexit clouds to clear

Growth in the construction industry slowed last month for the first time since September.

construction

Uncertainty over Brexit and the future trading relationship between Britain and the European Union was blamed for moderate fall in commercial building work, continuing a downward trend that began in July.

The slowdown was outlined in the purchasing managers’ index for construction, a closely watched survey of the health of the sector. The industry makes up about only 7 per cent of the economy, but developers’ investment decisions are an indicator of how optimistic businesses are about Britain’s confidence and prospects.

The survey’s measure slipped to a balance of 52.2 in December, after hitting a five-month high of 53.1 in November. Any reading above 50 indicates growth, while a figure below represents contraction.

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Carillion collapses into liquidation as talks fail

Carillion is to enter compulsory liquidation after failing to reach an agreement with lenders to keep it afloat, putting major government contracts and thousands of jobs at risk.

carillion

In a statement, the company said: “Carillion continued to engage with its key financial and other stakeholders, including the government, over the course of the weekend regarding options to reduce debt and strengthen the group’s balance sheet.

“As part of this engagement, Carillion also asked those stakeholders for limited short term financial support, to enable it to continue to trade whilst longer-term engagement continued.

“Despite considerable efforts, those discussions have not been successful, and the board of Carillion has therefore concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect.”

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Build-Zone Technical Manual for Developers and Builders

The Build-Zone Technical Manual has been prepared in order to assist Developers and Builders in reaching the required standard, and is a benchmark of the quality of build we expect from all Developers, Builders or their Sub Contractors.

Technical Manual for Developers and Builders

In addition to complying with the requirements of the relevant Building Regulations and other relevant Regulations and Codes of Practice, all new and converted structures benefitting from any Build-Zone Warranty must meet the standards required by Build-Zone for the issue of a Structural Warranty.

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‘Smaller builders mean happier customers’ says survey

House buyers are twice as likely to be satisfied with homes built by a small building company than by one of the majors, new research suggests.

'Smaller builders mean happier customers' says survey

The Federation of Master Builders (FMB) has looked into satisfaction rates among people who have bought a newly-built home in the past five years. It found that 36% of those whose home was built by a small and medium-sized (SME) house-builder described themselves as ‘very satisfied’ with the quality of their new home.

By comparison, on 17% of customers of Top 20 house-builders were ‘very satisfied’ with the quality.

The FMB said that this showed that smaller local builders were better than big national ones.

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