The future of UK housing and the construction industry
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It’s been a turbulent period for the construction industry over the past year. With the ongoing pandemic and the continuing uncertainty surrounding post-Brexit trade deals, it has been somewhat difficult for companies to plan their projects.
In this article, The Access Group talks about the future of UK housing and the construction industry, and explores how housebuilders can prepare as we look ahead.
1. 300,000 homes per year
The target of building over 300,000 houses a year was set back in 2017 by the then chancellor Philip Hammond. This was further emphasised in the 2019 Conservative manifesto to “increase the number of homes being built” and stressed the need to rebalance the housing market towards more homeownership. Despite the Covid-19 pandemic, 2020 saw the delivery of houses reach numbers not seen in over three decades.
So, what does this mean for the construction industry? After all, the government’s post-Covid recovery aim is to “build, build, build”.
It should go witho...
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