Decline In Residential-Starts Holds Back Construction Industry Recovery

 Overall project-starts saw a steady slowdown in Q.2 and Q.3, after an initial surge in the first quarter and continued to fall in September, albeit at a slower rate, according to the September analysis from Glenigan. Further, the development pipeline remained robust throughout the year, particularly for some non-residential sectors, including industrial. Main contract awards have been increasing over the last eighteen months, ever since the first National Lockdown in March 2020 and detailing planning approvals remain consistently high. Read more on Specification Online.

https://specificationonline.co.uk/articles/2021-10-12/glenigan/strong-decline-in-residential-starts-holds-back-construction-industry-recovery

Planning Permissions Stay High

There were 355,000 planning permissions granted in the year to June 2018, but the government’s 300,000 target for the housing supply remains a way off, according to an industry report. The Home Builders Federation and construction data provider Glenigan’s latest joint Housing Pipeline report shows the number of permissions for the last year is hovering around 2016/17’s record levels. It states the number of permissions is a good indicator of future housing supply however, housing supply for 2016/17 was 217,000, 72 per cent of the government’s target of 300,000. Read more on the Mortgage Strategy website.

https://www.mortgagestrategy.co.uk/planning-permissions-stay-high-but-supply-still-far-off-300k-target/

More Than 423,000 Homes With Planning Permission Waiting To Be Built

More than 423,000 homes have been given planning permission but are still waiting to be built, according to new research released by the Local Government Association. The study, commissioned by the LGA and carried out by industry experts Glenigan, shows the backlog has grown by almost 16% in the last year. To the LGA, the research reinforces the need for new powers allowing councils to act on uncompleted schemes. Over 2015/16 the total number of unimplemented planning permissions in England and Wales was 365,146 – rising to 423,544 in 2016/17. The figures also show that developers are taking longer to build new homes. Read more on 24housing.

http://www.24housing.co.uk/news/more-than-423000-homes-with-planning-permission-waiting-to-be-built/