| 1. |
INTRODUCTION |
6 |
| 1.1 |
DATA CHANGE |
6 |
| 2. |
SUMMARY AND FUTURE PROSPECTS |
8 |
| 2.1 |
SUMMARY |
8 |
| 2.2 |
FUTURE PROSPECTS |
9 |
| 3. |
ECONOMIC ENVIRONMENT |
10 |
| 3.1 |
GDP | 10 |
| 3.2 |
INTEREST RATES AND INFLATION |
11 |
| 3.3 |
HOUSEHOLD CONSUMPTION AND SAVINGS RATIO |
11 |
| 3.4 |
CONCLUSIONS |
11 |
| 4. |
OVERVIEW OF NON-DOMESTIC CONSTRUCTION MARKET |
13 |
| 4.1 |
TOTAL CONSTRUCTION MARKET |
13 |
| 4.2 |
DOMESTIC CONSTRUCTION SECTOR |
14 |
| 4.2.1 |
New Work and RMI |
14 |
| 4.2.2 |
Output and New Orders |
16 |
| 4.2.3 |
Starts and Completions |
17 |
| 4.3 |
KEY INDICATORS |
18 |
| 4.3.1 |
Affordability |
18 |
| 4.3.2 |
Secured Lending House Purchases and Remortgages |
20 |
| 4.4 |
FORECASTS TO 2016 |
20 |
| 5. |
DOMESTIC CONSTRUCTION SECTOR REVIEWS |
24 |
| 5.1 |
PRIVATE SECTOR |
24 |
| 5.1.1 |
Output and New Orders |
24 |
| 5.1.2 |
Starts and Completions |
25 |
| 5.1.3 |
Forecast Starts and Completions - Private Sector |
26 |
| 5.2 |
PUBLIC SECTOR |
27 |
| 5.2.1 |
Output and New Orders |
27 |
| 5.2.2 |
Starts and Completions |
28 |
| 5.2.3 |
Forecasts Public Sector New Housing |
29 |
| 5.3 |
RMI - PRIVATE & PUBLIC SECTOR |
30 |
| 5.3.1 |
Private Sector RMI |
30 |
| 5.3.2 |
Public Sector RMI |
30 |
| 5.3.3 |
Forecasts RMI Housing |
32 |
| 6. |
REGIONAL REVIEW |
33 |
| 6.1 |
ENGLAND |
33 |
| 6.1.1 |
Starts and Completions by Sector |
34 |
| 6.1.2 |
Starts and Completions by Region |
34 |
| 6.2 |
WALES |
36 |
| 6.2.1 |
Starts and Completions by Sector |
37 |
| 6.3 |
SCOTLAND |
38 |
| 6.3.1 |
Starts and Completions by Sector |
40 |
| APPENDICES |
41 |
| TABLES AND CHARTS |
| CHART 1 |
NEW HOUSING STARTS AND COMPLETIONS (GREAT BRITAIN) 2006 TO 2016 BY VOLUME (DWELLINGS) |
8 |
| TABLE 2 |
KEY ECONOMIC INDICATORS 2006 TO 2016 (% ) |
10 |
| TABLE 3 |
CONSTRUCTION OUTPUT GREAT BRITAIN 2006 TO 2011 BY VALUE (£ BILLION AT CURRENT PRICES) |
13 |
| TABLE 4 |
DOMESTIC CONSTRUCTION OUTPUT (NEW WORK AND RMI) GREAT BRITAIN 2006 TO 2011 BY VALUE (£ BILLION AT CURRENT PRICES) |
15 |
| CHART 5 |
DOMESTIC CONSTRUCTION OUTPUT (NEW WORK AND RMI) GB 2006 TO Q1 2012 MOVING ANNUAL TOTAL BY VALUE (£ MILLION AT CURRENT PRICES) |
16 |
| CHART 6 |
DOMESTIC CONSTRUCTION SECTOR OUTPUT AND NEW ORDERS NEW HOUSING 2007 TO Q1 2012 BY VALUE (£ MILLION AT CURRENT PRICES) |
17 |
| CHART 7 |
HOUSEBUILDING STARTS AND COMPLETIONS QUARTERLY AND MAT GREAT BRITAIN 2006 TO Q1 2012 BY VOLUME |
18 |
| CHART 8 |
NATIONWIDE FIRST TIME BUYERS HOUSE PRICE TO EARNINGS RATIO 2002-Q1 2012 |
19 |
| CHART 9 |
MOVING ANNUAL TOTAL SECURED GROSS LENDING TO INDIVIDUALS AND HOUSING ASSOCIATIONS 2006-12 £MILLION |
20 |
| CHART 10 |
DOMESTIC CONSTRUCTION OUTPUT GROWTH AND FORECASTS 2006 TO 2016 BY VALUE (£ MILLION AT CURRENT PRICES) |
21 |
| CHART 11 |
DOMESTIC CONSTRUCTION STARTS & COMPLETIONS AND FORECASTS 2006 TO 2016 BY VOLUME |
22 |
| TABLE 12 |
DOMESTIC CONSTRUCTION OUTPUT (£ MILLION AT CURRENT PRICES) & STARTS/COMPLETIONS ANALYSIS (VOLUME) 2008 TO 2016 |
23 |
| CHART 13 |
PRIVATE SECTOR NEW HOUSING OUTPUT AND NEW ORDERS ANALYSIS Q1 2006 TO Q1 2012 BY VALUE (£ MILLION AT CURRENT PRICES) |
24 |
| CHART 14 |
PRIVATE HOUSEBUILDING STARTS AND COMPLETIONS GREAT BRITAIN 2006 TO 2012 Q1 BY VOLUME |
25 |
| CHART 15 |
PRIVATE SECTOR NEW HOUSING STARTS AND COMPLETIONS 2006 TO 2016 BY VOLUME OF DWELLINGS |
26 |
| CHART 16 |
PUBLIC SECTOR NEW HOUSING OUTPUT AND NEW ORDERS ANALYSIS Q1 2006 TO Q1 2012 BY VALUE (£ MILLION AT CURRENT PRICES) |
27 |
| CHART 17 |
PUBLIC HOUSEBUILDING STARTS AND COMPLETIONS GREAT BRITAIN 2006 TO 2012 Q1 BY VOLUME |
28 |
| CHART 18 |
PUBLIC SECTOR NEW HOUSING STARTS AND COMPLETIONS 2006 TO 2016 BY VOLUME OF DWELLINGS |
29 |
| CHART 19 |
PRIVATE SECTOR HOUSING RMI GREAT BRITAIN 2006 TO 2012 Q1 BY VALUE (£ MILLION) |
30 |
| CHART 20 |
PUBLIC SECTOR HOUSING RMI GREAT BRITAIN 2006 TO 2012 Q1 BY VALUE (£ MILLION) |
31 |
| CHART 21 |
RMI OUTPUT FORECASTS 2006 TO 2016 (£M) |
32 |
| CHART 22 |
QUARTERLY NEW HOUSING STARTS AND COMPLETIONS 2006 Q1 TO 2012 Q1 IN ENGLAND BY VOLUME OF DWELLINGS |
33 |
| CHART 23 |
PUBLIC AND PRIVATE NEW HOUSING STARTS AND COMPLETIONS 2006 TO 2014 IN ENGLAND BY VOLUME OF DWELLINGS |
34 |
| TABLE 24 |
PUBLIC AND PRIVATE HOUSEBUILDING STARTS BY ENGLISH REGION 2007-2012 |
35 |
| TABLE 25 |
PUBLIC AND PRIVATE HOUSEBUILDING COMPLETIONS BY ENGLISH REGION 2007-2012 |
36 |
| CHART 26 |
QUARTERLY NEW HOUSING STARTS AND COMPLETIONS 2006 Q1 TO 2011 Q4 IN WALES BY VOLUME OF DWELLINGS |
37 |
| CHART 27 |
PUBLIC AND PRIVATE NEW HOUSING STARTS AND COMPLETIONS 2006 TO 2014 IN WALES BY VOLUME OF DWELLINGS |
38 |
| CHART 28 |
QUARTERLY NEW HOUSING STARTS AND COMPLETIONS 2006 Q2 TO 2011 Q4 IN SCOTLAND BY VOLUME OF DWELLINGS |
39 |
| CHART 29 |
PUBLIC AND PRIVATE NEW HOUSING STARTS AND COMPLETIONS 2006 TO 2014 IN SCOTLAND BY VOLUME OF DWELLINGS |
40 |
| CHART 30 |
DOMESTIC CONSTRUCTION OUTPUT (NEW WORK AND RMI) GREAT BRITAIN 2006 TO Q1 2012 MOVING ANNUAL TOTAL BY VALUE (£ MILLION AT CURRENT PRICES) |
42 |
| CHART 31 |
HOUSEBUILDING STARTS AND COMPLETIONS QUARTERLY AND MAT GREAT BRITAIN 2006 - 2012 Q1 BY VOLUME |
43 |
| CHART 32 |
NEW DWELLINGS BY AVERAGE PRICE, RECORDED INCOME OF BORROWERS AND AVERAGE MORTGAGE ADVANCE 1990-2011 BY VALUE |
44 |
| CHART 33 |
PRIVATE SECTOR NEW HOUSING OUTPUT AND NEW ORDERS ANALYSIS Q1 2006 TO Q1 2012 BY VALUE (£ MILLION AT CURRENT PRICES) |
45 |
| CHART 34 |
PRIVATE HOUSEBUILDING STARTS AND COMPLETIONS GREAT BRITAIN Q1 2006 TO Q1 2012 BY VOLUME |
46 |
| CHART 35 |
PUBLIC SECTOR NEW HOUSING OUTPUT AND NEW ORDERS ANALYSIS Q1 2006 TO Q1 2012 BY VALUE (£ MILLION AT CURRENT PRICES) |
47 |
| CHART 36 |
PUBLIC HOUSEBUILDING STARTS AND COMPLETIONS GREAT BRITAIN Q1 2006 TO Q1 2012 BY VOLUME |
48 |
