Housebuilders Optimistic Despite Market Uncertainty And Skills Shortage

Despite challenges including the current planning system, a skills shortage and uncertainty over Brexit, housebuilders are forecasting increased growth and investment in the sector. The Lloyds Bank Commercial Banking report finds optimism about the future for housebuilding has picked up slightly from 7.1 last year to 7.2 in 2016 – with 10 representing the highest level of expectation. The report is the first in-depth study of the sector following the Brexit vote in June.  Although over a third of firms (36%) said the uncertainty following the referendum result is the biggest challenge to their business, the industry is relatively optimistic; planning to grow, invest and create jobs. This outlook has given the industry the confidence to invest, with average five-year investment plans up 17% year on year. Read more on 24housing.