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Housebuilding Market Report - UK 2016-2020 Analysis

Housebuilding Market Report - UK 2016-2020 Analysis

The 12th edition of this report reviews the UK housebuilding market, and should be of particular interest to private housebuilders, developers, housing associations, local authorities, private and social housing contractors and their supply chains. In 2015, low interest rates and low unemployment, rising incomes and high consumer confidence have all helped underpin the strongest trading conditions for the housebuilding sector for a number of years. The referendum decision to leave the EU has resulted in some economic uncertainty and housebuilders are likely to remain cautious in the short term, which may result in a lower level of housing starts.

Key sections covered:

  • Market overview - structure and size of the UK Housebuilding market in England, Scotland, Wales and Northern Ireland - in terms of housing stock, housebuilding targets, performance, starts and completions.
  • Government policy for housing - e.g. Housing & Planning Bill.
  • A review of the housebuilders – overall market performance, market shares and company profiles.
  • Forecast of annual housebuilding - starts and completions to 2020-21.
  • Analysis and discussion of the potential impact of the EU Referendum results on the housing market.
Key areas of insight include:
  • While housing completions have increased significantly between 2013 and 2015, they still remain significantly below the pre-recession peak of 218,000.
  • Review of Government measures to increase housebuilding rates including plans for 200,000 starter homes and 135,000 shared ownership homes.
  • Review of planning reforms set out in the Housing and Planning Bill, which aims to release more publicly-owned land for starter homes and facilitate housing development on brownfield sites.
  • Review of the impact of Help to Buy on the house-building market, which has been credited with a recent increase in housing starts and is now being extended to 2021.
  • Analysis of the use of Build-to-Rent as a means of increasing housing supply.
  • Analysis of key constraints to housing development including delays in the planning system, the problem of land supply and availability and the lack of skilled labour in the construction industry.
  • Analysis of leading UK housebuilders and developers: activities, completion levels, future strategies and development pipelines.
  • Smaller builders continue to struggle to secure funding and this is restricting the scale of projects undertaken.
Key areas covered in the report include:

MARKET REVIEW
  • Housebuilding targets and market performance – housing starts, completions and forecasts from 2011-2020. The impact of the EU referendum on the housing sector and other key market influences..
  • Public and private sector housebuilding – UK completions by sector and by region/country 2011-2016.
  • Segmentation of the housing market – by type of dwelling, e.g. houses and flats and the custom build/self-build segment.
  • Land and house prices – average house prices, house prices by country, mortgage lending and housing affordability, land values and housing construction costs.
  • Existing housing stock and residential property transactions.
GOVERNMENT POLICY FOR HOUSING
  • Government Housing Policy – Housing and Planning Bill, 2015 Spending Review, 2016 Budget and Government policies to increase housebuilding 2016 to 2020.
  • Low Cost Home Ownership Schemes: Statutory Purchase Schemes; Equity Loan Schemes; Affordable Homes Programme 2011-2015 and 2015-18.
  • Planning Issues: Housing and Planning Bill; Land Availability and Land Values; Use of public sector and Brownfield Land for housing; Housebuilders Land-banks.
HOUSING AND PLANNING
  • Brownfield sites, land availability (housebuilders land banks, use of public sector land for schemes.)
  • Sustainability and Housebuilding, e.g. Energy Efficiency.
  • Other measures to improve housing supply: Eco Towns and Garden Cities; Housing Zones and the NHS Healthy New Towns Programme.
THE HOUSEBUILDERS
  • Analysis of market shares of leading housebuilders – key players, comparisons of changing shares and supply structure.
  • Housebuilders and the Private Rented/Build to Rent Sector.
  • Major review of leading national housebuilders – analysis of key indicators for UK housebuilding (completions, turnover, private/affordable mixes, apartments etc, where available), recent trends, current market position etc.
  • Rationalisation of industry structure, mergers & acquisitions, review of leading commercial developers in housebuilding, impact of new entrants, future prospects etc.
  • Review of leading regional and local housebuilders, recent corporate activity. Analysis covering turnover, pre-tax profit, completions etc.


  • INTRODUCTION
    • Sources of Information
  • SUMMARY AND FUTURE PROSPECTS
    • Summary
    • Government Drivers and Market Prospects
  • ECONOMIC ENVIRONMENT
    • GDP
      • Table GDP Data - 2013-2016 - Key Constituent Elements
    • Inflation & Interest Rates
    • Unemployment
    • Household Consumption
    • Housing & Construction
    • Sterling
      • Table Exchange Rate Fluctuations 2012-2017 - Sterling to The Dollar, And The Euro, Spot Rates
    • Population Profile
    • Conclusions
  • THE HOUSING MARKET
    • Definition
    • Housebuilding Targets and Housing Market Performance
      • Overview
      • Housebuilding Performance
      • Housing Starts
        • Table UK Housing Starts - All Private and Local Authority 2011-2020 (Volume of Dwellings)
      • Housing Completions
        • Table UK - New Housing Completions 2011-2020 (Volume of Dwellings)
    • Impact of the EU Referendum and Market Prospects
    • Segmentation of the Housing Market
      • Segmentation by Region
      • Segmentation by Property Tenure - England
        • Table England - Housing Starts 2011 to 2020 by Sector (`000) - Private, PRP and Local Authority
      • Segmentation by Type of Dwelling: Houses and Flats
      • Custom Build / Self-build Segment
    • Net Additional Dwellings
      • Table Components of Net Housing Supply in England 2011 to 2016: New Build, Conversions, Change of Use, Demolitions
    • Land and House Prices, Build Costs
      • Average House Prices
      • House Prices by Country and Region
        • Table Average Price of New Dwellings 2010-2015 by English Region (£)
      • Mortgage Lending and Housing Affordability
        • Table Affordability Factors - Simple Average Price, Mortgage Advance and Income (£m) for New and All Dwellings 2005 – 2015
      • Land Values
      • Housing Construction Costs
    • Existing Homes Market
      • Residential Property Transactions
        • Table UK Residential Property Transactions Valued at £40k or Above 2011-2020
        • Table Stamp Duty Land Tax (SDLT) - Standard Rates and Additional Home/Buy to Let Rates (as of 1st April 2016)
      • Existing Housing Stock
        • Table Stock of Dwellings in the UK: 2004-05 to 2014-15 (`000)
  • GOVERNMENT POLICY FOR HOUSING
    • Fixing the Foundations - Government's Plan for Increasing Productivity
    • Housing and Planning Bill
    • Government Spending
      • 2015 Spending Review
      • 2016 Budget
    • Low Cost Home Ownership Schemes
      • Statutory Purchase Schemes
        • Table Right to Buy Sales in England: Q1 2006-07 to Q1 2014-15
        • Table Right to Acquire Sales in England: 2006-07-2014-15
        • Table Social Homebuy Sales in England: 2006-07 to 2014-15
      • Equity Loan Schemes
        • Table Help to Buy Sales in England: 2013 - 2015 by Number of Legal Completions and Value of Equity Loans (£m)
        • Table Help to buy: % of Housebuilder Completions By Company
        • Table Help to buy Scotland - Participating Housebuilders
      • Other Schemes
      • Affordable Homes Programme (AHP)
        • Table England - Affordable Homes Programme 2011-2015: Total Funding and Number of Units by HCA Operating Unit (£m/Dwellings)
        • Table England - Affordable Homes Programme 2015-2018: Total Funding and Number of Units by HCA Operating Unit (£m/Dwellings)
        • Table England: Affordable Homes Programme 2015-18: Grants to Top Housing Associations and Housebuilders (£m) and No. of Homes Planned
        • Table London - Mayor's Housing Covenant Programme 2015-18: Grants awarded to Top Housing Associations (£m)
  • HOUSING AND PLANNING
    • Housing and Planning Bill
    • Brownfield Sites
    • Land Availability
      • Housebuilders' Land Banks
        • Table Housebuilders' Land Banks by Approx. No. Units 2015
      • Use of Public Sector Land for PRS schemes
    • Housing Zones
      • Table Housing Zones in the UK by Region
      • Table London Housing Zones by Borough
    • Eco Towns and Garden Cities
      • Eco Towns
      • Garden Cities
      • NHS Healthy New Towns Programme
        • Table NHS Healthy New Towns Programme - Selected Sites by No. Residential Units
    • Environmental Influences
      • Code for Sustainable Homes
      • Energy Efficiency (SAP)
  • THE HOUSEBUILDERS
    • Definitions
    • Overall Market Performance
      • Current Supply Structure
      • Housebuilders - Key Trends in 2015 and 2016
      • Housebuilders and the Private Rented/Build to Rent (PRS) Sector
    • Housebuilders Market Shares
      • Table UK Housebuilders (completing 500+ units per year): Number of Completions and Market Share 2015
    • Company Profiles
      • National Housebuilders
        • Table UK Housebuilding Key Indicators: Barratt Developments Plc 2010-2015 (Turnover, Unit Completions and Tenure Mix)
        • Table UK Housebuilding Key Indicators: Persimmon 2010-2015 (Turnover, Unit Completions and Tenure Mix)
        • Table UK Housebuilding Key Indicators: Taylor Wimpey Plc 2010-2015 (Turnover, Unit Completions and Tenure Mix)
        • Table UK Housebuilding Key Indicators: Bellway 2010-2015 (Turnover, Unit Completions and Tenure Mix)
        • Table UK Housebuilding Key Indicators: Redrow 2010-2015 (Turnover, Unit Completions and Tenure Mix)
        • Table UK Housebuilding Key Indicators: Bovis Homes 2010-2015 (Turnover, Unit Completions and Tenure Mix)
        • Table UK Housebuilding Key Indicators: Berkeley Group 2010-2015 (Turnover, Unit Completions and Average Selling Price)
        • Table UK Housebuilding Key Indicators: Galliford Try 2010-2015 (Turnover, Unit Completions and Average Selling Price)
        • Table UK Housebuilding Key Indicators: Crest Nicholson 2010-2015 (Turnover, Unit Completions and Average Selling Price)
        • Table UK Housebuilding Key Indicators: Countryside Properties 2010-2015 (Turnover, Unit Completions and Average Selling Price)
      • Other Housebuilders
      • Construction Groups and Developers
      • Regional and Local Housebuilders

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