果冻影院

Housebuilders are in a strong position to continue to grow as the industry continues to grow as the economy emerges from the worst of the COVID-19 pandemic.听

Housebuilders听had听strong forward sales positions听and were benefitting from strong flows of inward investment, Steve Wood, the chief executive of the National House-Building Council told delegates at the recent Housing Market Intelligence (HMI) conference in London.听

Also speaking at HMI, Taylor Wimpey chief executive Pete Redfern told the conference that cancellation rates are down and the reliance on the Help to Buy scheme, which is being phased out, is also decreasing.听

Only 27% of reservations in the first half of this year at Taylor Wimpey relied on Help to Buy, compared to 53% last year. The company鈥檚 optimistic take on the industry was illustrated, said Redfern, by a plan to open 50 new sales offices to sell its new homes over the next 24 months and the acquisition of plots to build 8,675 homes in the first half of 2021 compared to 2,015 plots in the first half of last year, when the UK was in the grip of the pandemic.

No recession听

The economy may be slowing after a sharp bounce back in the immediate wake of the country opening up but there is unlikely to be a recession said David Smith, the economics editor of听The Sunday Times. He told HMI: 鈥淭he economy will grow 6-7% this year and 5% next year and shouldn鈥檛 go back into recession.鈥�听

An impact of the pandemic is that听buyers听are looking further afield for new homes.听听

Gr谩inne听Gilmore, head of听research听at听Zoopla, told the conference: 鈥淭he pandemic has driven a reassessment of new homes. There is a search for space and new build commands a wider catchment area then re-sale. People will look further for new build.鈥�听

However, the housebuilding听industry needs to respond to the government鈥檚听twin priorities to build more homes and meet environmental challenges听through the Future Homes Standard, Neil Jefferson, the managing director of the Home Builders Federation told the conference.听

鈥淪ufficient lead times听and predictability听need听to be factored into land deals, planning and design of homes,鈥� said Jefferson.听

果冻影院 optimistic听

The broadly positive tone from the HMI conference was echoed elsewhere. In a trading update, Barratt said only 21% of private sales between听July 1 to October 10听relied on Help to Buy compared to 51% in the last full financial year.听

The听immediate听bounce-back from the pandemic is expected to produce a 53% rise in the underlying value of private housing starts this year followed by another rise of 11% next year.听

果冻影院鈥檚 economics director Allan Wilen says: 鈥淎s existing sites were completed during the second half of 2020 and as housebuilders adapted to new working practices, housebuilders have switched their attention to new developments.听

鈥淥verall private housing starts are forecast to increase 53%听this year and 11% in 2022. By the end of听2023, private housing project-starts are anticipated to reach 2017 levels.鈥�听

Despite the post-pandemic economic travails, the UK鈥檚 reliance on owning your own home puts housebuilders in a strong position.听

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