| 1. |
INTRODUCTION |
6 |
| 2. |
SUMMARY & FUTURE PROSPECTS |
7 |
| 2.1 | CURRENT MARKET STATUS |
7 |
| 2.2 | FUTURE PROSPECTS |
9 |
| 3. |
ECONOMIC ENVIRONMENT |
11 |
| 3.1 | GDP |
11 |
| 3.2 | INFLATION & INTEREST RATES |
12 |
| 3.3 | UNEMPLOYMENT |
13 |
| 3.4 | HOUSEHOLD CONSUMPTION |
14 |
| 3.5 | HOUSING & CONSTRUCTION |
15 |
| 3.6 | STERLING |
17 |
| 3.7 | POPULATION PROFILE |
18 |
| 3.8 | CONCLUSIONS |
20 |
| 4. |
THE NEW HOUSING MARKET |
21 |
| 4.1 | DEFINITION |
21 |
| 4.2 | OVERALL MARKET PERFORMANCE |
21 |
| 4.2.1 | Housing Starts and Completions by Volume |
22 |
| 4.2.2 | Value of Housebuilding |
24 |
| 4.2.3 | Key Influencing Factors on New Housebuilding |
26 |
| 4.3 | HOUSING COMPLETIONS |
31 |
| 4.3.1 | Overall Figures |
31 |
| 4.3.2 | Mix of Housebuilding Completions |
33 |
| 5. |
CONSTRUCTION OF FLATS |
36 |
| 5.1 | OVERVIEW BY COUNTRY IN UK |
36 |
| 5.2 | FLATS BY REGION |
38 |
| 5.3 | FLATS BY SIZE |
39 |
| 5.4 | DENSITY AND LAND USE |
40 |
| 6. |
FLATS MARKET SECTOR PROFILE |
44 |
| 6.1 | MIXED BY STOREYS |
44 |
| 6.2 | MIXED BY BEDROOMS |
45 |
| 7. |
AFFORDABLE HOUSING |
50 |
| 7.1 | COMMUNITIES ENGLAND |
50 |
| 7.2 | NATIONAL AFFORDABLE HOUSING PROGRAMME |
50 |
| 7.3 | SECTION 106 AGREEMENTS |
52 |
| 7.4 | MODERN METHODS OF CONSTRUCTION |
53 |
| 8. |
CONSTRUCTION MATERIALS |
54 |
| 8.1 | OVERVIEW OF MMC |
54 |
| 8.2 | TIMBER FRAME |
54 |
| 9. |
HOUSEBUILDERS AND DEVELOPERS |
60 |
| 9.1 | RELATIONSHIP WITH COMMERCIAL DEVELOPERS & CONSTRUCTION COMPANIES |
60 |
| 9.2 | REVIEW OF KEY DEVELOPERS |
62 |
| 10. |
MARKET FORECASTS |
64 |
| 10.1 | VOLUME FORECASTS |
64 |
| 10.2 | FACTORS INFLUENCING TRENDS |
65 |
| 10.2.1 | Buy to Let |
65 |
| 10.2.2 | Buy to Leave Flats |
66 |
| 10.2.3 | Socio Economic |
66 |
| 10.2.4 | Zero Carbon Homes |
67 |
| 10.2.5 | Code for Sustainable Homes |
67 |
| 10.2.6 | Planning and Building Regulations |
70 |
| 10.2.7 | Affordability |
73 |
| 10.2.8 | Dwelling Size |
75 |
| 10.2.9 | OFT Report |
75 |
| 10.2.10 | Summary of Key Drivers |
76 |
|
TABLES AND CHARTS |
| CHART 1 | UK HOUSEBUILDING COMPLETIONS 1996 - 2012 |
7 |
| CHART 2 | INTEREST RATES AND INFLATION (CPI) FROM 1990-2010 |
13 |
| CHART 3 | PDI & SAVINGS RATIO AT CURRENT PRICES 1990-2010 |
15 |
| TABLE 4 | EXCHANGE RATE FLUCTUATIONS 2000-2008 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES |
18 |
| CHART 5 | AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 (000) |
19 |
| TABLE 6 | PERFORMANCE OF THE UK NEW HOUSEBUILDING MARKET 1997 2007 |
22 |
| TABLE 7 | UK VALUE OF HOUSEBUILDING CONTRACTORS OUTPUT AT CURRENT PRICES (£ MILLION) 1997 - 2007 |
25 |
| TABLE 8 | HOUSEHOLD ESTIMATES/PROJECTIONS ENGLAND 2004 2029 (000S) |
30 |
| TABLE 9 | HOUSE BUILDING COMPLETIONS AND FORECASTS 1997-2012 UNITED KINGDOM (000 DWELLINGS) |
31 |
| CHART 10 | HOUSEBUILDING COMPLETIONS - % MIX BY HOUSES / FLATS GB 2001-2007 |
34 |
| CHART 11 | CONSTRUCTION OF NEW FLATS IN THE UK 2003 - 2007 |
36 |
| CHART 12 | COMPLETIONS OF HOUSES AND FLATS ENGLAND 2003-2007 BY NUMBER |
37 |
| CHART13 | COMPLETIONS OF FLATS BY REGION - ENGLAND 2000 - 2006 |
38 |
| CHART 14 | FLAT COMPLETIONS BY SIZE AND TENURE- 2000-2006 ENGLAND |
39 |
| CHART 15 | NEW HOUSING DEVELOPMENT DENSITY (NEW DWELLINGS PER HECTARE) 1990-2006 |
41 |
| TABLE 16 | DENSITIES OF NEW DWELLINGS BUILT, BY REGION, 20002006 |
42 |
| CHART 17 | FLAT COMPLETIONS BY NUMBER OF STOREYS -ENGLAND 2006 |
44 |
| CHART 18 | FLATS - STOREY HEIGHTS BY REGION -2006 |
45 |
| CHART 19 | CONSTRUCTION OF NEW FLATS, UK 2006/07 BY NO. OF BEDROOMS |
46 |
| CHART 20 | COMPLETIONS OF FLATS BY REGION AND NO. OF BEDROOMS PUBLIC AND PRIVATE SECTORS - 2006 |
48 |
| CHART 21 | MOST POPULAR FLATS BY SIZE AND STOREYS ENGLAND 2006 |
49 |
| CHART 22 | MIX OF SOCIAL HOUSING RENT / LOW COST OWNERSHIP 2002/03 2007/08 |
51 |
| CHART 23 | CONSTRUCTION OF FLATS - UK BY TYPE OF MATERIAL TRADITIONAL, TIMBER FRAME, STEEL/CONCRETE |
54 |
| CHART 24 | TIMBER FRAME DWELLINGS IN THE UK MIX BY HOUSES / FLATS 2006 |
55 |
| TABLE 25 | MAJOR TIMBER FRAME SUPPLIERS MARKET SHARES FLATS SECTOR UK 2006 |
56 |
| CHART 26 | CHANGES IN REGIONAL SPATIAL PLANNING GUIDANCE 2001-07 |
58 |
| TABLE 27 | LEADING DEVELOPERS IN FLATS MARKET |
62 |
| CHART 28 | FORECAST CONSTRUCTION OF FLATS UK 2003 - 2012 |
64 |
| CHART 29 | FORECAST CONSTRUCTION OF FLATS ENGLAND, SCOTLAND, WALES AND NORTHERN IRELAND |
65 |
| CHART 30 | CODE FOR SUSTAINABLE HOMES - KEY CATEGORIES OF CODE POINTS |
68 |
| TABLE 31 | COST PREMIUM FOR CODE LEVEL 3 OVER ECOHOMES VERY GOOD |
69 |
| TABLE 32 | IMPACT OF 2016 HOUSING TARGET IN ENGLAND - VOLUME MIX BY REGION AND MARKET AFFORDABILITY |
73 |
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