Housing starts continue to rise first quarter 2015, but is it Enough?
27 April 2015
The UK housing market could be considered a success story with housing starts showing an upward trend since October 2012 albeit from a low base caused by the effects of the recession. In 2014, the UK housing market saw a rise in starts of 10% over 2013. This upward trend has been continued in the first quarter of 2015 with 33,700 housing starts which is 1.5% above the same period in 2014.
“We have seen a significant increase in the number of housing starts, but it is still someway short of the number of houses required to meet our current demand and considerably short of the ambitious numbers discussed by the major political parties. Whilst the increase in housing has seen around 100,000 extra people employed in the housing industry, we still need to recruit more people into the industry to meet the demand” said Julia Evans Chief Executive of BSRIA.“We know that whatever the outcome of the election, there is a need for more housing and with the major political parties putting housing at the centre of the election agenda, as an industry we need to invest now in recruiting and developing the skills the industry is going to need to deliver the high volume of energy efficient homes required. This includes presenting the industry as a viable long term career choice” continued Julia.
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