Housebuilding Generates £38bn A Year And Supports 700k Jobs

The 74% increase in housebuilding activity in the past four years has provided a huge boost to the UK economy. Research shows that the house building industry in England and Wales is now worth £38bn a year and supports nearly 700,000 jobs. The report shows that last year the house building industry:

·         Supported 698k jobs, including 239k direct (18% of UK construction industry);

·         Generated £2.7bn in tax revenues (via SDLT, Corporation tax, NI, PAYE etc.);

·         Provided £841M towards infrastructure (incl £122m for new/improved schools);

·         Spent £11.7Bn with suppliers (90% of which stays in the UK);

·         Invested £12bn in land for new homes;

·         Agreed 50,000 affordable houses through s106 agreements worth over £4bn.

Read more on the Showhouse website.

https://www.showhouse.co.uk/news/housebuilding-generates-38bn-a-year-and-supports-700k-jobs/