Lloyds Bank housebuilding report reveals challenges in sector

  Posted by: electime      29th January 2018

Lloyds Bank has released a report showing results of the third annual survey of the UK housebuilding industry. Lloyds Bank say that the UK housebuilding survey comes at a time “when interest in the sector and it’s ability to deliver new homes has never felt stronger.“

Lloyds Bank’s research found an industry that is determined to grow and is using innovative new methods to boost the housing supply.

Housebuilders are facing challenges though – firms told Lloyds Bank that Brexit could potentially limit their access to EU workers, while the rate of UK young adults joining the industry is becoming less and less.

Coupled with planning restrictions and the availability of land, the sector seems to be facing a unique set of challenges.

The survey shows that housebuilding firms are ramping up investment in staff development and planning to use innovative new building techniques, like site-based modern methods of construction in a move to improve productivity.

Results show that the hardest roles to recruit for currently are architects, plumbers, planners, bricklayers, joiners, as well as site managers.

The survey also reveals that 44 per cent of participants feel that the uncertainty surrounding Brexit is the biggest challenge for the industry.

Follow this link to watch the animation showing more of the industry’s successes, challenges and innovation to achieve: http://resources.lloydsbank.com/insight/housebuilding-report/