| 1. |
INTRODUCTION |
6 |
| 2. |
EXECUTIVE SUMMARY |
7 |
| 3. |
ECONOMIC ENVIRONMENT |
11 |
| 3.1 |
GDP |
11 |
| 3.2 |
INFLATION & INTEREST RATES |
12 |
| 3.3 |
UNEMPLOYMENT |
13 |
| 3.4 |
HOUSEHOLD CONSUMPTION |
13 |
| 3.5 |
HOUSING & CONSTRUCTION |
14 |
| 3.6 |
STERLING |
15 |
| 3.7 |
POPULATION PROFILE |
16 |
| 3.8 |
CONCLUSIONS |
17 |
| 4. |
AFFORDABLE HOUSING - ENGLAND |
19 |
| 4.1 |
BACKGROUND AND DEFINITION |
19 |
| 4.2 |
SOCIAL AND AFFORDABLE HOUSING IN ENGLAND |
21 |
| 4.2.1 |
Shared ownership |
22 |
| 4.2.2 |
Homebuy |
23 |
| 4.3 |
LAND |
23 |
| 4.3.1 |
Density |
23 |
| 4.3.2 |
Land Costs |
24 |
| 4.3.3 |
Land availability |
26 |
| 4.3.4 |
Section 106 |
27 |
| 4.3.5 |
Private Sector |
28 |
| 5. |
ROLE OF GOVERNMENT |
31 |
| 5.1. |
ENGLISH PARTNERSHIPS |
31 |
| 5.1.1 |
Role |
31 |
| 5.1.2 |
National Land Use Database |
31 |
| 5.1.3 |
Urban Regeneration Companies |
32 |
| 5.1.4 |
The £60,000 House Challenge |
33 |
| 5.2 |
HOUSING CORPORATION |
33 |
| 5.2.1 |
Housing Associations / Registered Social Landlords |
34 |
| 5.2.2 |
Funding Role |
35 |
| 5.2.3 |
Housing Corporation - Approved Development Programme |
36 |
| 5.2.4 |
Investment partnering |
36 |
| 5.2.5 |
The National Affordable Housing Programme 2006-08 |
38 |
| 5.2.6 |
Supply chain efficiency |
40 |
| 5.2.7 |
Housing Schemes |
40 |
| 5.2.8 |
Funding |
42 |
| 5.2.9 |
Supply Chain |
43 |
| 5.3. |
SUSTAINABLE COMMUNITIES PLAN |
44 |
| 5.3.1 |
Overview |
44 |
| 5.3.2 |
Housing Supply and the Growth Areas |
46 |
| 5.4. |
REGIONAL SPATIAL STRATEGIES |
48 |
| 6. |
MARKET SIZE |
54 |
| 6.1 |
MARKET SIZE -BY VOLUME |
54 |
| 6.2 |
MARKET SIZE - BY VALUE |
55 |
| 6.3 |
PRODUCT MIX |
55 |
| 6.4 |
FUTURE PROSPECTS |
60 |
| 7. |
CONSTRUCTION ISSUES |
63 |
| 7.1 |
TRADITIONAL AND MODERN METHODS OF CONSTRUCTION |
63 |
| 7.1.1 |
Overview |
63 |
| 7.1.2 |
Materials - Modern Methods of Construction |
66 |
| 7.1.3 |
Market definition |
68 |
| 7.1.4 |
Market Size - MMC |
69 |
| 7.1.5 |
Off Site Manufacture (OSM) |
69 |
| 7.2. |
PLANNING |
70 |
| 7.3. |
PFI AND FINANCING IN THE UK SOCIAL HOUSING MARKET |
72 |
| 7.3.1 |
Local Authority Housing PFI Processes |
72 |
| 7.3.2 |
Large Scale Voluntary Stock Transfer |
73 |
| 7.3.3 |
Arms Length Management Organisations (ALMOs) |
73 |
| 7.3.4 |
Private Finance Initiative (PFI) |
74 |
| 7.4 |
PROCUREMENT |
77 |
| 7.5 |
EFFICIENCY SAVINGS |
79 |
| 7.6 |
STANDARD HOUSE PLAN COMPLIANCE |
79 |
| 8. |
REVIEW OF KEY OSM SUPPLIERS |
82 |
| 8.1 |
TIMBER FRAME |
84 |
| 8.2 |
STEEL FRAME |
86 |
| TABLES AND CHARTS |
| TABLE 1 |
COMPLETIONS OF NEW BUILD AND REHABILITATION HOMES - ENGLAND
2004-05 |
7 |
| TABLE 2 |
COMPLETIONS OF AFFORDABLE HOMES AND % MMC 2004/05 - ENGLAND |
9 |
| CHART 3 |
INTEREST RATES AND INFLATION (CPI) FROM 1990-2007 |
12 |
| CHART 4 |
PDI & SAVINGS RATIO AT CURRENT PRICES 1990-2006 |
14 |
| TABLE 5 |
EXCHANGE RATE FLUCTUATIONS 1997-2007 - THE POUND STERLING TO
THE DOLLAR, AND THE EURO, SPOT RATES |
16 |
| CHART 6 |
AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 ('000) |
17 |
| CHART 7 |
HOUSING STARTS IN ENGLAND 1990/91 - 2004/05 |
20 |
| CHART 8 |
TOTAL HOUSEBUILDING COMPLETIONS ENGLAND 2004/05 - 154,600 |
21 |
| CHART 9 |
DENSITY OF NEW DWELLINGS 1994-2004 |
24 |
| CHART 10 |
HOUSE AND LAND COSTS (ALL HOUSING) 1991 - 2004 |
25 |
| CHART 11 |
LAND COST AS A % OF TOTAL HOUSE COST 1991 - 2004 |
26 |
| CHART 12 |
% OF ALL DWELLINGS COMPLETED 2003/04 - BY NO. OF BEDROOMS
& TENURE |
29 |
| CHART 13 |
KEY PLAYERS IN AFFORDABLE HOUSING PROVISION |
39 |
| CHART 14 |
AFFORDABLE HOMES - BY KEY SECTOR 2004-2005 |
42 |
| TABLE 15 |
ALLOCATION OF RESOURCES UNDER THE SUSTAINABLE COMMUNITIES
PLAN 2002-2006 £M |
44 |
| CHART 16 |
SUSTAINABLE COMMUNITIES PLAN - HOUSING VOLUMES IN KEY GROWTH
AREAS |
46 |
| CHART 17 |
PROPOSED HOUSING COMPLETIONS - POSSIBLE SCENARIOS - ENGLAND |
50 |
| CHART 18 |
ANNUAL HOUSING COMPLETIONS & TARGETS BY ENGLISH REGION -
RPG & SPATIAL STRATEGY PLANS 2004-2016 |
53 |
| CHART 19 |
AFFORDABLE HOMES COMPLETIONS - ENGLAND |
54 |
| TABLE 20 |
COMPLETIONS OF AFFORDABLE HOMES (NEW BUILD AND
REHABILITATION) 2004/05 - ENGLAND |
55 |
| TABLE 21 |
NEW AFFORDABLE HOMES - OVERALL VALUE BY PRODUCT GROUP (2004) |
56 |
| TABLE 22 |
AFFORDABLE HOMES TARGETS & COMPLETIONS 2004/05 - ENGLAND
BY REGION |
57 |
| TABLE 23 |
AFFORDABLE HOMES - COMPLETIONS BY TYPE OF OWNERSHIP 2004/05 |
58 |
| CHART 24 |
AFFORDABLE AND MARKET HOUSING COMPLETIONS - ENGLAND
2004-2010 |
61 |
| CHART 25 |
ENGLAND HOUSING COMPLETIONS 2004-2005 MIXED BY MMC &
TRADITIONAL CONSTRUCTION - MARKET & AFFORDABLE HOUSING |
64 |
| TABLE 26 |
COMPLETIONS OF AFFORDABLE HOMES AND % MMC 2004/05 - ENGLAND |
69 |
| CHART 27 |
PLANNING DECISIONS AND % DECIDED WITHIN 8 WEEKS ENGLAND
JAN-MAR 1995 TO JAN-MAR 2005 |
71 |
| TABLE 28 |
MAJOR OSM SUPPLIERS - MARKET SHARES HOUSING SECTOR - 2003 |
82 |
