|
1. | INTRODUCTION |
7 |
| 2. |
SUMMARY & FUTURE PROSPECTS |
8 |
| 3. |
ECONOMIC ENVIRONMENT |
12 |
| 3.1 | GDP |
12 |
| 3.2 | INFLATION & INTEREST RATES |
13 |
| 3.3 | UNEMPLOYMENT |
14 |
| 3.4 | HOUSEHOLD CONSUMPTION |
14 |
| 3.5 | HOUSING & CONSTRUCTION |
15 |
| 3.6 | STERLING |
17 |
| 3.7 | POPULATION PROFILE |
18 |
| 3.8 | CONCLUSIONS |
19 |
| 4. |
THE HOUSING MARKET |
20 |
| 4.1 | DEFINITION |
20 |
| 4.2 | CONSTRUCTION MARKET OVERVIEW |
20 |
| 4.3 | HOUSEBUILDING OVERVIEW 1998-2008 |
22 |
| 4.4 | HOUSEBUILDING TARGETS AND PERFORMANCE |
23 |
| 4.4.1 | Net Additional Dwellings |
24 |
| 4.4.2 | Starts |
30 |
| 4.4.3 | Completions |
33 |
| 4.4.4 | Sales |
35 |
| 4.5 | REGIONAL HOUSEBUILDING – PRIVATE SECTOR |
37 |
| 4.4.1 | Starts |
37 |
| 4.4.2 | Completions |
38 |
| 4.4.3 | Sales |
39 |
| 4.5 | REGIONAL HOUSEBUILDING - PUBLIC SECTOR |
41 |
| 4.5.1 | Starts |
41 |
| 4.5.2 | Completions |
42 |
| 4.5.3 | Sales |
43 |
| 4.6 | MIX |
44 |
| 4.6.1 | Mix of Housebuilding Completions |
44 |
| 4.6.2 | Overview of Flats Market in UK |
45 |
| 5. |
KEY INFLUENCING FACTORS |
48 |
| 5.1 | GOVERNMENT REPORT SUMMARIES |
48 |
| 5.2 | ECO TOWNS |
53 |
| 5.3 | AFFORDABILITY |
56 |
| 5.4 | AVERAGE PRICE OF NEW DWELLINGS |
58 |
| 5.4.1 | Regional Variations |
59 |
| 5.5 | RESIDENTIAL PROPERTY TRANSACTIONS |
61 |
| 5.6 | MORTGAGE LENDING |
61 |
| 5.7 | HOUSING STOCK |
63 |
| 5.8 | LAND |
64 |
| 5.8.1 | Prices and Housing Density |
64 |
| 5.8.2 | Brownfield |
66 |
| 5.8.3 | Land Ownership and Supply |
69 |
| 5.8.4 | Households |
70 |
| 5.8.5 | Housing Stock |
72 |
| 5.8.6 | Urban Regeneration |
73 |
| 5.8.7 | Household Tenure |
75 |
| 6. |
THE HOUSEBUILDERS |
77 |
| 6.1 | OVERALL MARKET |
77 |
| 6.2 | DEFINITIONS |
78 |
| 6.2.1 | National Housebuilders |
78 |
| 6.2.2 | Contractors and Housebuilders |
78 |
| 6.2.3 | Larger Regional Housebuilders |
80 |
| 6.2.4 | Smaller Regional and Local Housebuilders |
80 |
| 6.2.5 | Developers |
80 |
| 6.3 | HOUSEBUILDERS MARKET SHARE |
81 |
| 6.4 | NATIONAL HOUSEBUILDERS |
84 |
| 6.4.1 | Company Profiles |
84 |
| 6.4.2 | 2007/08 Performance Record |
98 |
| 6.5 | CONSTRUCTION GROUPS AND HOUSEBUILDERS |
99 |
| 6.5.1 | Introduction |
99 |
| 6.5.2 | Company Profiles |
101 |
| 6.6 | DEVELOPERS |
104 |
| 6.7 | REGIONAL & LOCAL HOUSEBUILDERS |
105 |
| 6.7.1 | Company Profiles |
105 |
| 7. |
CONSTRUCTION ISSUES |
109 |
| 7.1 | CODE FOR SUSTAINABLE HOMES |
109 |
| 7.2 | MODERN METHODS OF CONSTRUCTION |
110 |
| 7.3 | TYPES OF MMC |
111 |
| 7.3.1 | OSM Suppliers |
116 |
| 7.3.2 | The future of MMC |
117 |
| TABLES AND CHARTS |
| CHART 1 | UK HOUSEBUILDING COMPLETIONS FORECAST 1998 - 2013 |
9 |
| CHART 2 | INTEREST RATES AND INFLATION (CPI) FROM 1992-2013 |
13 |
| CHART 3 | PDI & SAVINGS RATIO AT CURRENT PRICES 1992-2013 |
15 |
| TABLE 4 | EXCHANGE RATE FLUCTUATIONS 2002-2009 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES |
17 |
| CHART 5 | AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 CENSUS (‘000) |
18 |
| CHART 6 | NEW ORDERS OBTAINED BY CONTRACTORS BY SECTOR - GT. BRITAIN 2002 -2008 |
21 |
| CHART 7 | QUARTERLY VALUE OF NEW ORDERS OBTAINED BY CONTRACTORS - 2008/09 (£M) |
22 |
| CHART 8 | HOUSING PERFORMANCE – ENGLAND 2006-08 |
24 |
| TABLE 9 | COMPONENTS OF NET HOUSING SUPPLY, 2006/07 AND 2007/08, ENGLAND |
26 |
| CHART 10 | NET ADDITIONAL DWELLINGS TARGETS AND FORECASTS, ENGLAND 2000 - 2016 |
29 |
| TABLE 11 | UK HOUSING STARTS 2000-2010 BY SECTOR (‘000) |
32 |
| TABLE 12 | HOUSE BUILDING COMPLETIONS 1998-2013 – UNITED KINGDOM (‘000 DWELLINGS) |
34 |
| TABLE 13 | NAHP OUTPUT FIGURES – 2008-09 |
35 |
| CHART 14 | STARTS, COMPLETIONS AND SALES OF PRIVATE NEW HOUSING ENGLAND AND WALES - 2006-2008 |
36 |
| TABLE 15 | PRIVATE HOUSE BUILDING STARTS 2004-2008 ENGLISH REGIONS BY VOLUME |
38 |
| TABLE 16 | PRIVATE HOUSE BUILDING COMPLETIONS 2004-2008 ENGLISH REGIONS BY VOLUME |
39 |
| TABLE 17 | REGIONAL RESIDENTIAL HOUSING SALES, PRIVATE SECTOR 2006-2008 |
40 |
| CHART 18 | PRIVATE SECTOR - STARTS, COMPLETIONS AND SALES – 2008 |
41 |
| TABLE 19 | PUBLIC SECTOR* HOUSE BUILDING STARTS 2004-2008 ENGLISH REGIONS BY VOLUME |
42 |
| TABLE 20 | PUBLIC SECTOR* HOUSE BUILDING COMPLETIONS 2004-2008 ENGLISH REGIONS BY VOLUME |
43 |
| CHART 21 | HOUSEBUILDING COMPLETIONS - % MIX BY HOUSES / FLATS GB 2001-2008 |
45 |
| TABLE 22 | ESTIMATED NUMBER OF FLATS BUILT IN UK – 2003-08 (‘000S) |
46 |
| TABLE 23 | PROPOSED ECO-TOWN SITES – LOCATION AND PROJECTED VOLUMES |
55 |
| TABLE 24 | IMPACT OF 2016 HOUSING TARGET IN ENGLAND - VOLUME MIX BY REGION AND MARKET AFFORDABILITY |
57 |
| CHART 25 | AVERAGE PRICE OF NEW DWELLINGS UK 1997 – 2008 (£000) |
58 |
| TABLE 26 | AVERAGE PRICE OF NEW DWELLINGS 2004-2008 BY UK REGIONS (£) |
60 |
| CHART 27 | NUMBER OF QUARTERLY RESIDENTIAL PROPERTY TRANSACTIONS – UK 2006-2009 |
61 |
| TABLE 28 | AVERAGE ADVANCES BY ALL MORTGAGE LENDERS ON NEW DWELLINGS UK 1997-2008 (£’000) |
62 |
| TABLE 29 | STOCK OF DWELLINGS (‘000) IN THE UK 1971-2007 |
63 |
| TABLE 30 | AVERAGE VALUATIONS OF RESIDENTIAL BUILDING LAND WITH OUTLINE PLANNING PERMISSION IN ENGLAND 1998 – 2008 (£’000) |
65 |
| CHART 31 | LATENT BROWNFIELD LAND – WITH PLANNING PERMISSION 2001-2007 (HECTARES) |
67 |
| TABLE 32 | MAJOR HOUSEBUILDERS - % SCHEMES BUILT ON BROWN-FIELD SITES 2004-2007 |
68 |
| CHART 33 | OWNERS OF PUBLIC SECTOR LAND SUITABLE FOR RESIDENTIAL DEVELOPMENT, UK |
70 |
| TABLE 34 | HOUSEHOLD ESTIMATES/PROJECTIONS – ENGLAND 2004 – 2029 (‘000S) |
71 |
| CHART 35 | MIX OF STOCK OF DWELLINGS BY AGE 2007 – ENGLAND |
72 |
| TABLE 36 | HOUSEHOLD TENURE DISTRIBUTION IN THE UK, 1997 TO 2007 |
76 |
| TABLE 37 | NHBC REGISTERED BUILDERS BY NUMBER OF UNITS STARTED 2004-2008 |
77 |
| TABLE 38 | COMPANY MARKET SHARES IN HOUSEBUILDING 2008 |
81 |
| CHART 39 | TOP 3 COMPANIES SHARE OF PRIVATE HOUSEBUILDING MARKET 1997-2008 (%) |
83 |
| TABLE 40 | KEY INDICATORS FOR UK HOUSEBUILDING – BARRATT DEVELOPMENTS PLC (TURNOVER, PROFIT AND UNIT COMPLETIONS) – 2007/08 |
85 |
| TABLE 41 | KEY INDICATORS FOR UK HOUSEBUILDING – TAYLOR WIMPEY PLC (TURNOVER, PROFIT AND UNIT COMPLETIONS – 2007/08) |
87 |
| TABLE 42 | KEY INDICATORS FOR UK HOUSEBUILDING – PERSIMMON PLC – 2007/08 |
88 |
| TABLE 43 | KEY INDICATORS UK HOUSEBUILDING - BELLWAY PLC (TURNOVER, PROFIT AND UNIT COMPLETIONS 2007/08) |
89 |
| TABLE 44 | KEY INDICATORS UK HOUSEBUILDING - REDROW GROUP (TURNOVER, PROFIT AND UNIT COMPLETIONS 2007-08) |
90 |
| TABLE 45 | KEY INDICATORS UK HOUSEBUILDING - GLADEDALE GROUP |
91 |
| TABLE 46 | KEY INDICATORS UK HOUSEBUILDING - MILLER HOMES (TURNOVER, PROFIT AND UNIT COMPLETIONS 2007/08) |
92 |
| TABLE 47 | KEY INDICATORS UK HOUSEBUILDING - BOVIS HOMES GROUP PLC (TURNOVER, PROFIT AND UNIT COMPLETIONS 2007/08) |
93 |
| TABLE 48 | KEY INDICTORS UK HOUSEBUILDING - BERKELEY GROUP PLC (TURNOVER, PROFIT AND UNIT COMPLETIONS 2007/08) |
94 |
| TABLE 49 | KEY INDICATORS UK HOUSEBUILDING - CREST NICHOLSON PLC – 2007 (TURNOVER, PROFIT AND UNIT COMPLETIONS 2007/08) |
95 |
| TABLE 50 | KEY INDICATORS UK HOUSEBUILDING – CALA GROUP PLC (TURNOVER, PROFIT AND UNIT COMPLETIONS 2000-2007) |
96 |
| TABLE 51 | KEY INDICATORS UK HOUSEBUILDING INDUSTRY COMPARISONS 2 YEAR ANALYSIS 2007/08 (TURNOVER, PROFITS AND UNIT COMPLETIONS) |
98 |
| CHART 52 | CODE FOR SUSTAINABLE HOMES – CATEGORIES NECESSARY TO ACHIEVE CODE POINTS |
109 |
| CHART 53 | UK HOUSEBUILDING MARKET – MIX BY SECTOR AND BUILD METHOD – 2008 BY VOLUME |
115 |