Take the Government Self Build Survey 2011

As part of the Government’s initiative to help more people to self build a home for themselves, the Department for Communities and Local Government has launched a survey for self builders.

This short survey asks self builders about their projects to gauge the growth potential of the self build market and the finance needs of self-builders.

Take the 2011 self build survey here.

The results of the survey will feed into work that the Government is doing with the Building Societies Association and lending institutions to make more finance products available to self builders, and to help implement the recently published Self Build Housing Action Plan, The report of the Self Build Government-Industry Working Group, NaSBA,  An Action Plan to Promote the Growth of Self-build Housing from the Self Build Government Industry Working Group, involving Self Build Zone Director, Simon Middleton.



Major housebuilders expected to see double-digit profits in 2012

Housebuilders’ profit margins are expected to return to double digits next year, analysts said last week, providing hopes of improved trading for domestic service suppliers.

Numis Securities analyst Chris Millington said margins are set to climb from 5-10 per cent to 20-25 per cent, figures not seen since the downturn.

Persimmon and Bovis Homes have both stressed a focus on margins in their trading updates to the Stock Exchange for the first six months of 2011.

Mike Farley, chief executive of Persimmon, the biggest housebuilder by volume, anticipates the underlying operating margin for H1 2011 will hit 9 per cent, up from 8 per cent the year before.

Barratt has also reported a return to profit thanks to its London and South-east market, it said last week.

In a trading update for the year ended 30 June, the company said it expects to deliver a profit before tax and exceptional items of £40 million, compared with a loss of £33m in 2010.

Although after the costs of a four-year £1 billion refinancing are taken into account, the company is expected to make a small loss, its chief executive Mark Clare confirmed.

Meanwhile, Bovis chief executive David Ritchie said he is also confident of delivering an operating margin of at least 7 per cent for the same period, compared with 4.2 per cent for 2010.

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Grant Shapps joins forces with industry to take self build to the masses

Grant Shapps has today welcomed a new action plan for the self build industry that he says could be the turning point that takes it to the masses.

Meeting with the National Self Build Association (NaSBA) – the representatives of the self-build industry – Mr Shapps said that for too long obstacles have led to the UK having one of the lowest proportions of new homes built by self-builders in Europe, and that he wanted to see the self build industry become a mainstream housing option.

Earlier this year, Mr Shapps asked NaSBA and other industry experts to work with his officials to prepare an action plan to boost the number of self-builders across the country, and address the common barriers aspiring self-builders face.

Today they presented him with their findings on tackling the main challenges holding the self-build industry back: the availability of land and finance, lack of support from industry for new self builders and the impact of regulation.

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Build Zone welcomes launch of ‘Action Plan to promote the growth of self build housing’

An industry briefing of the long-awaited proposals that aim to boost the number of self-builds that take place in the UK took place on Tuesday 12th July. The resulting report, An Action Plan to Promote the Growth of Self-build Housing will be formally launched next week and is the result of six months work from the Self Build Government Industry Working Group, involving Build Zone Director, Simon Middleton.

Working with the Government, the National Self Build Association (NaSBA), published an action plan to promote the growth of self build in the UK. This was the culmination of more than six months work, involving over 100 experts in the self build sector. The report calls for action on four fronts and lists proposals that should to make more land available for self builders and more finance/mortgages; it should also result in less regulation and red tape and better independent advice to encourage more people to build their own homes.

Grant Shapps said at the briefing ““This is an enormously important moment in the housing history of this country,”

He went on to say:

“Self-build isn’t happening anywhere near its potential in the UK, and these proposals go a significant way to helping achieve my aspiration of doubling the number of homes self-built each year.”

I don’t want this to be a one-off process, rather the start of a revolution. The age of self-build has come,” he said.

The proposals in the plan will now be considered by Government and an implementation group will be established to monitor the progress. It is understood that the aim is to see everything in place by spring 2012. We will keep you updated as things progress.

For more information from Build Zone about Structural Warranties, 10 Year Structural Warranties, contact the Build-Zone team on (0)845 230 9873 or email sales@build-zone.com

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FirstBuy allocations confirmed

Over 100 house builders and housing associations are set to offer extra help for first time buyers as the Homes and Communities Agency confirmed allocations for the Government’s FirstBuy scheme today.

A total of £180m has been allocated to provide nearly 10,500 new homes for sale with the help of an equity loan across England over the next two years. The successful bidders are a mix of housing associations, major housebuilders and smaller local building firms.

FirstBuy was announced in March’s Budget as a new equity loan scheme specifically designed to help first time buyers struggling with the need for a large deposit, while simultaneously supporting economic growth by giving house builders the confidence to progress developments. Under the scheme an equity loan of up to 20% of a home’s value is jointly funded by the HCA and the house builder, meaning the taxpayer’s contribution is matched by the private sector.

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