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Residential Building Construction in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Residential Building Construction Market Research Report | SIC F41.202 | Mar 2017

Well built: Growth is likely to remain relatively steady, despite uncertainty in the current year

The Residential Building Construction market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Barratt Developments plc Barratt Developments plc  market share
Persimmon Homes plc Persimmon Homes plc market share
Taylor Wimpey plc Taylor Wimpey plc market share
Industry Statistics & Market Size
Revenue
£51bn
Annual Growth 12-17
4.2%
Annual Growth 17-22
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Profit
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Employment
202,841
Businesses
35,256
Industry Analysis & Industry Trends

The Residential Building Construction industry has grown relatively strongly over the past five years, though revenue has not yet surpassed its pre-recessionary peak. Prior to the start of the period, revenue dropped sharply as tight lending criteria and dwindling home equity made it difficult for many people to obtain mortgages, meaning demand for housing dropped. Since then, demand has soared as economic conditions have improved. Continuous growth in house prices has boosted demand for renovations and repairs, while the construction of new homes has only been limited by supply constraints, in particular a lack of suitable land for building and a dearth of skilled labour... purchase to read more

Industry Report - Industry Analysis Chapter

Contractors in the Residential Building Construction industry have benefited from a strong period of growth in recent years. Prior to the start of the period, low demand for housing and the difficulties faced by buyers and construction firms when trying to obtain credit caused a significant contraction in revenue. However, government measures to support the housing market have stimulated construction activity, while constraints on the supply of housing have pushed up prices. These factors have supported revenue growth since 2012-13. Industry revenue is expected to increase at a compound annual rate of 4.2% over the five years through 2016-17 to reach £50.9 billion.

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Industry ProductsRelated ReportsTable of Contents

What is the Residential Building Construction Industry?

This industry includes contractors undertaking new work, remodelling, renovations and repairs to residential buildings, including single-family houses, high-rise apartment blocks and housing association and local authority housing. Work can be carried out on a firm’s own account or on a fee or contract basis, and portions of the work or even all the practical work can be subcontracted out.

Industry Products
New housesNew flatsRenovation and remodelling
 
Industry Activities
Constructing new single-family and multi-family housingConstructing multi-unit housing association buildingsRenovating, remodelling and repairing existing residential buildingsConstructing residential buildings on own land for later saleConstructing residential buildings on land owned by others


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