Sorry for interrupting, this website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Learn more
Accept & Close

House Building - UK - October 2019

“The sector has weathered a progressively adverse economic climate, and is forecast to continue to record value growth in 2019. Brexit presents serious challenges for the sector due to its negative effects on house prices and building costs. However the sector is already future-proofing itself by investing in new building methods that will help to lower these costs, reduce the impact of skills shortages, and reduce its environmental impact.”

- Francesco Salau, B2B Analyst

This report will look at the following areas:

  • Innovation presents an opportunity to escape skill shortages
  • Legislative changes are shifting strategic focus

What you get

What's included

Why buy from us?

Succeed

Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.

Instant Access

Buy now and you'll have instant access to the information you need to make the right decisions.

Opportunities

Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.

Trusted

A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.

Table of contents

  1. Overview

    • What you need to know
      • Covered in this Report
      • Executive Summary

          • The market
            • Growth remains steady despite intensified uncertainty
              • Figure 1: UK house building market value, £ billion, 2015-19
            • Brexit threatens the sector’s near-term growth
              • Figure 2: UK house building market forecast, 2019-24
            • Companies and brands
              • Entry into the industry inhibited by uncertainty
                • Help to Buy underpins significant proportion of the market
                  • Firms are adapting to escape limits imposed by affordability
                    • What we think
                    • Issues and Insights

                      • Innovation presents an opportunity to escape skill shortages
                        • The facts
                          • The implications
                            • Legislative changes are shifting strategic focus
                              • The facts
                                • The implications
                                • The Market – What You Need to Know

                                  • Market growth sustained despite intensified uncertainty
                                    • Possibility of a no-deal Brexit poses serious challenges
                                      • High prices and undersupply are shaping market development
                                      • Market Size

                                        • Market holds on to growth as Brexit uncertainty intensifies
                                          • Figure 3: UK house building market value, 2015-19
                                        • Post-recession bounce in completions begins to stall
                                          • Figure 4: UK new permanent dwellings completed annually, 1968-2018
                                      • Market Segmentation

                                        • Private house building leads market growth
                                          • Figure 5: UK house building market value, private and public segments, seasonally adjusted, 2015-19
                                        • Completions to fall as Brexit uncertainty hits private builders
                                          • Figure 6: UK new permanent dwellings completed annually, by tenure 1968-2018
                                        • Surge in houses continues as the popularity of flats falls
                                          • Figure 7: Permanent dwellings completed in England, by house and flat, all tenures, % of completions, 2008/9 - 2018/19
                                        • Regional divergence of the South East and North West continues
                                          • Figure 8: New housing output in England by region, £ million Q1 2006 – Q1 2019
                                        • Construction output by nation
                                          • Figure 9: New housing output and annual change by nation, 2013-18
                                          • Figure 10: UK house building market value by nation, private and public segments, 2017-18
                                      • Market Forecast

                                        • Brexit will temporarily hurt the market as the economy adjusts
                                          • Figure 11: UK house building market value forecast, 2019-24
                                          • Figure 12: UK house building market value forecast, by segment, 2019-24
                                        • Effects of a no-deal Brexit on imports and exports
                                            • Figure 13: EU Most Favoured Nation tariffs on selected product groups and their share in EU imports
                                          • Effect of a no-deal Brexit on house prices
                                          • Impact of the Economy

                                            • Economic tensions hamper growth
                                              • Figure 14: Percentage change in GDP, chained volume measure, seasonally adjusted, 2012 – H1 2019
                                              • Figure 15: ICAEW Business Confidence MonitorTM, Q3 2013 – Q3 2019
                                              • Figure 16: UK business investment, £ million, Q1 2015 – Q2 2019
                                          • Market Trends

                                            • House price growth and sales volume slows as Brexit approaches
                                              • Figure 17: Annual change in UK average house prices, all types of property, September 2015 – June 2019
                                              • Figure 18: UK residential home sales volumes, all types of property, October 2015 – April 2019
                                            • Home ownership slump driven by affordability issues
                                              • Figure 19: Percentage of families (singles or couples) owning their own home in the UK, by age group, May 2000-17
                                              • Figure 20: Ratio of median house price to median gross household earnings, England and Wales, 2002-2018
                                            • Persistent skill shortages will be amplified by Brexit
                                              • Sustainable housing in the UK
                                              • Market Drivers

                                                • Help to Buy is a key driver of supply and demand of new housing
                                                  • Figure 21: Number of Help to Buy completions in England, 2013-18
                                                • Uncertainty and legislative changes hit buy-to-let activity
                                                  • Figure 22: Residential loans issued for buy-to-let mortgages as percentage of gross loan advances, Q1 2014 – Q1 2019
                                                • UK mortgage rates remain low
                                                  • Figure 23: UK monthly interest rates on mortgages to households, all UK monetary financial institutions excl. Central Bank, January 2013 - August 2019
                                                  • Figure 24: Mintel financial well-being index, January 2015 – May 2019
                                              • Companies and Brands – What You Need to Know

                                                • Economic uncertainty has reduced the rate of expansion
                                                  • Help to Buy scheme remains a major source of revenue
                                                    • Rising land and house prices in London and the South East incentivise activity elsewhere
                                                    • Industry Structure

                                                        • Changes in industry structure
                                                          • Figure 25: Analysis of changes in the development of building projects sector, outlets and businesses, 2014-2018
                                                          • Figure 26: Analysis of changes in the construction of residential and non-residential buildings sector, outlets and businesses, 2014-2018
                                                        • Structure by employment
                                                          • Figure 27: Analysis of the employment structure of the development of building projects sector, 2017 and 2018
                                                          • Figure 28: Analysis of the employment structure of the construction of residential and non-residential buildings sector, 2017 and 2018
                                                        • Structure by turnover
                                                          • Figure 29: Financial analysis of the development of building projects sector, 2017 and 2018
                                                          • Figure 30: Financial analysis of the construction of residential and non-residential buildings sector, 2017 and 2018
                                                      • Company Profiles

                                                        • Barratt Developments
                                                          • Recent company activity
                                                            • Financial information
                                                              • Figure 31: Financial analysis of Barratt Developments, 2015-19
                                                            • Bellway
                                                              • Recent company activity
                                                                • Financial information
                                                                  • Figure 32: Financial analysis of Bellway, 2014-18
                                                                • Berkeley Group
                                                                  • Recent company activity
                                                                    • Financial information
                                                                      • Figure 33: Financial analysis of Berkeley Group, 2014-18
                                                                    • Galliford Try
                                                                      • Recent company activity
                                                                        • Financial information
                                                                          • Figure 34: Financial analysis of Galliford Try, 2014-18
                                                                        • Persimmon
                                                                          • Recent company activity
                                                                            • Financial information
                                                                              • Figure 35: Financial analysis of Persimmon, 2014-18
                                                                            • Taylor Wimpey
                                                                              • Recent company activity
                                                                                • Financial information
                                                                                  • Figure 36: Financial analysis of Taylor Wimpey, 2014-18
                                                                              • Further Sources and Contacts

                                                                                • Trade associations
                                                                                  • Trade magazines
                                                                                    • Trade events
                                                                                    • Appendix – Data Sources, Abbreviations and Supporting Information

                                                                                        • Abbreviations
                                                                                          • Methodology

                                                                                          House Building - UK - October 2019

                                                                                          £995.00 (Excl.Tax)