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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

IBISWorld’s Residential Building Construction market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
Purchase to read more
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 Locations Chapter

The geographic spread of industry establishments closely corresponds with the spread of the population, business activity and the number of housing starts commissioned in the United Kingdom.

London

London accounts for 18.7% of industry establishments, which is higher than its share of the UK population. Since it is densely populated, demand there is usually stronger than in other parts of Britain and it has been a magnet for wealthy foreign investors seeking a safe investment in the aftermath of the economic downturn. Average house prices in London reached over £500,000 during the course of 2015, even though homes there are often considerably smaller than those in other parts of the country. Dem.. purchase to read more

 


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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