Industry Analysis & Industry Trends
Buying the family home is the largest lifetime investment for most Britons and can deliver households with both financial and emotional security. Trends in housing investment have huge implications for the economy and fiscal and monetary policy.
The industry accounts for the bulk of work done on new housing construction, repairs and improvements. It also generates revenue from the aligned non-residential building market (notably from work on mixed-use commercial and apartment developments). The industry currently generates revenue of £47 billion, a decrease of 5.0% on the previous year and representing an estimated decline by an annualised 5.2% over the five years through 2012-13. Industry value added totals about £12.95 billion, representing 1.0% of GDP... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature stage of its life cycle, with growth determined by long-term demographic factors and household wealth, along with short-term cyclical fluctuations in the general economy.
The industry should retain its share of the total economy over the long term, but given the unprecedented collapse of housing investment since the onset of the worst recession in decades, the pace of housing construction is falling well behind that of the general economy... purchase to read more