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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
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • Strong growth has been somewhat constrained by a lack of skilled labour in recent years
  • Various government initiatives have supported demand throughout the past five-year period
  • Potential barriers to the free movement of labour could push up wages and constrain margins
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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 SWOT Analysis Chapter

The industry is in a mature stage of its life cycle. Over the 10 years through 2021-22, the value the industry adds to the economy, known as industry value added or IVA, is projected to increase at a compound annual rate of 3.9%. UK GDP is forecast to grow at a compound annual rate of 2.3% over the same period. However, the industry's level of growth is largely attributable to its low base level, which was due to subdued demand and falling house prices. As a result, growth is being measured from a particularly low base. In terms of the level of mergers and acquisitions, technological change and enterprise numbers, however, the industry displays more typical characteristics of a mature industry.

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Additional Insights for the Residential Building Construction Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Residential Building Construction Industry are

  • Access to highly skilled workforce
  • Ability to expand and curtail operations rapidly in line with market demand
  • Membership of an industry organisation
  • IBISWorld analysts also discuss how external factors such as Housing starts and House price index in the Residential Building Construction industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Housing starts
  • House price index
  • Number of residential property transactions
  • Consumer confidence index
  • Mortgage rate
  • Current Performance
  • Supply and demand
  • Government initiatives
  • Increasing house prices
  • Chart: Revenue Growth
  • Industry Outlook
  • Firming up the foundations
  • A shaky enterprise
  • Council investment
  • Table: Residential Building Construction Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Residential Building Construction Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Building Project Development
  • Banks
  • Building Societies
  • Real Estate Investment Trust Activities
  • Consumers
  • Key Selling Industries
  • Construction Supplies Wholesaling
  • Hardware, Plumbing & Heating Equipment Wholesaling
  • Mining, Construction & Civil Engineering Machinery Wholesaling
  • Ready-Mixed Concrete Manufacturing
  • Site Preparation
  • Products & Services
  • Renovation and remodelling
  • New houses
  • New flats
  • Chart: Residential Building Construction Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Private owners
  • Housing associations
  • Local authorities
  • Chart: Major Market Segmentation for the Residential Building Construction Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Subcontractor costs
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Residential Building Construction
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Residential Building Construction Industry
  • Industry Globalization
    Major Companies
    Barratt Developments plc
    Taylor Wimpey UK Limited
    Persimmon plc
  • Table: Barratt Developments plc - financial performance
  • Table: Taylor Wimpey UK Limited - financial performance
  • Table: Persimmon plc - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Residential Building Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Residential Building Construction Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Homes And Communities Agency (Hca)
  • The national housing and regeneration delivery agency for England, established by the Housing and Regeneration Act 2008 to fund new affordable housing.
  • Housing Starts
  • The number of new houses begun during a particular period.
  • Registered Social Landlord
  • An independent housing organisation registered under the Housing Act 1996. They are typically registered charities or companies.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Residential Building Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Residential Building Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Residential Building Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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