INCREASE IN RATES - TROUBLE STRIKES
A chronic shortage of properties continues to drive house prices in antrorse across Britian. But a significant in the number of new homes should go some way to stopping prices spiraling ever upwards.
The HBF & Glenigan's latest Housing Pipeline report shows that initial planning consent for 255,032 new homes was granted in England in 2015 - up 57% from a low point of 162,204 in 2009.
The permissions were granted in Q4 2015 were up o 13% on the corresponding quarter in 2014, 74,759 as developers submitted more applications with a view to delivering further increases in housing supply.
The volume of planning consents have increased steadily every year since 2009, with actual housing supply also increasingly markedly over the past two years as more of the permissions are progressed to the point that infrastructure work can start and house builders can begin building much needed homes.
In excess of 180,000 new residential properties were added to the housing stock in 2014/15 - up 22% on the previous year - as house builders increased output in response to the hike in demand for new houses.
The Executive Chairman of the Home Builder as Federation (HBF) Stewart Baseley [pictured] have said us that, The number of planning applications now being submitted demonstrates the commitment of the industry to deliver further increases in housing supply. The past two years have seen a huge increase in houses building levels, with housing supply in England surpassing 180,000 homes per year in 2014/2015 up 22% on the previous year
While the increase in the number of permissions, A strong indicator of future supply is welcome many still have to navigate the complexities of the planning system according to Baseley.
He has also further added that this is a sign that house builders continue to step investment in future housing supply but we need to see these permissions being processed to the stage where we can get on to site and start building more quickly and really start meeting demand for housing
A major obstacle facing the house building sector in recent years has been a shortage of labor. It is estimated that there is currently a backlog almost 500,000 homes across UK still waiting to be built despite receiving planning consent partly because of a construction skills shortage in the house building industry.
To help, The rectify problem,The Construction Industry Training Board and (CITB) & [HBF] last month have announced plans to join forces to form a major new partnership to help tackle the housing skill needs.
Over 45,000 new home building workers wiil be trained by 2019 to solve the problem the nation's housing shortage through the Home Building Skills Partnership-A2.7m training scheme designed to help boost the supply of new build homes
The shortage of skilled labor in the house building sector is pushing up the price of hiring tradesman, which in turn is having an impact on new build property prices
The financial crash of 2007-08 bears some of the blame as it's a led to thousands of people leaving the construction industry. Now that demand has returned, there skills shortage, with bricklayers, carpenters and joiners in short supply
Brian Berry the Chief Executive of Master Builders (FMB) have said we're already seeing housing developments starting to stall because the cost of hiring skilled trade person is threatening to make some sites simply unavailable. Unless we see a massive up lift in apprenticeship training in our industry, there won't be enough pairs of hands to deliver more housing on third scale.
But new partnership between CITB & HBF will support more than 3,500 construction businesses and, by 2019, 45,000 new entrants & 1,000 experienced workers with the new home building training qualifications, which will hopefully create long-term skills solutions to meet the Government's target of 1m new homes by 2020
Housing & Planning Minister Brandon Lewis have said, The number is up 25% in the last year because the country is building again & delivering the homes the nation wants.
''That's why the Home Building Skills Partnership is an important initiative and will help deliver the training of skilled workers we need to get the job done and to improve quality issues across the industry."
"Construction offers an exciting & rewarding career and we need to build a new generation of home grown talented, ambitious and highly skilled construction workers."
The HBF & Glenigan's latest Housing Pipeline report shows that initial planning consent for 255,032 new homes was granted in England in 2015 - up 57% from a low point of 162,204 in 2009.
The permissions were granted in Q4 2015 were up o 13% on the corresponding quarter in 2014, 74,759 as developers submitted more applications with a view to delivering further increases in housing supply.
The volume of planning consents have increased steadily every year since 2009, with actual housing supply also increasingly markedly over the past two years as more of the permissions are progressed to the point that infrastructure work can start and house builders can begin building much needed homes.
In excess of 180,000 new residential properties were added to the housing stock in 2014/15 - up 22% on the previous year - as house builders increased output in response to the hike in demand for new houses.
The Executive Chairman of the Home Builder as Federation (HBF) Stewart Baseley [pictured] have said us that, The number of planning applications now being submitted demonstrates the commitment of the industry to deliver further increases in housing supply. The past two years have seen a huge increase in houses building levels, with housing supply in England surpassing 180,000 homes per year in 2014/2015 up 22% on the previous year
While the increase in the number of permissions, A strong indicator of future supply is welcome many still have to navigate the complexities of the planning system according to Baseley.
He has also further added that this is a sign that house builders continue to step investment in future housing supply but we need to see these permissions being processed to the stage where we can get on to site and start building more quickly and really start meeting demand for housing
A major obstacle facing the house building sector in recent years has been a shortage of labor. It is estimated that there is currently a backlog almost 500,000 homes across UK still waiting to be built despite receiving planning consent partly because of a construction skills shortage in the house building industry.
To help, The rectify problem,The Construction Industry Training Board and (CITB) & [HBF] last month have announced plans to join forces to form a major new partnership to help tackle the housing skill needs.
Over 45,000 new home building workers wiil be trained by 2019 to solve the problem the nation's housing shortage through the Home Building Skills Partnership-A2.7m training scheme designed to help boost the supply of new build homes
The shortage of skilled labor in the house building sector is pushing up the price of hiring tradesman, which in turn is having an impact on new build property prices
The financial crash of 2007-08 bears some of the blame as it's a led to thousands of people leaving the construction industry. Now that demand has returned, there skills shortage, with bricklayers, carpenters and joiners in short supply
Brian Berry the Chief Executive of Master Builders (FMB) have said we're already seeing housing developments starting to stall because the cost of hiring skilled trade person is threatening to make some sites simply unavailable. Unless we see a massive up lift in apprenticeship training in our industry, there won't be enough pairs of hands to deliver more housing on third scale.
But new partnership between CITB & HBF will support more than 3,500 construction businesses and, by 2019, 45,000 new entrants & 1,000 experienced workers with the new home building training qualifications, which will hopefully create long-term skills solutions to meet the Government's target of 1m new homes by 2020
Housing & Planning Minister Brandon Lewis have said, The number is up 25% in the last year because the country is building again & delivering the homes the nation wants.
''That's why the Home Building Skills Partnership is an important initiative and will help deliver the training of skilled workers we need to get the job done and to improve quality issues across the industry."
"Construction offers an exciting & rewarding career and we need to build a new generation of home grown talented, ambitious and highly skilled construction workers."
Advertise on APSense
This advertising space is available.
Post Your Ad Here
Post Your Ad Here
Comments