British building confidence on the up, driven by house builders
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Britain’s builders are at their most confident since 2007 as the Government’s Help to Buy scheme swells optimism among construction firms. Following the Chartered Institute of Purchasing & Supply’s latest findings, house builders are driving the industry forward and the rise in residential building is growing at one of the fastest rates since 2007.*
The Considerate Constructors Scheme has also noticed a boom in registrations, going up from an average of 528 per month in 2007 to 815 per month in 2014. Areas in the UK where marked registrations have increased include the Midlands and the South East.
The growth of the construction industry has caused house prices to rise considerably, with London and the South-East experiencing the highest growth. Building society Nationwide reported average house prices are up 9.6 per cent on last year.
According to the Office for National Statistics, the average rate of pay jumped by 5.6 per cent as more people want to take up a career in the industry.
The Scheme continues to promote best practice and urges all builders to continue working to a high standard with its Code of Considerable Practice.
Edward Hardy, Chief Executive of the Scheme, says: “It is great to see that construction activity is on the rise and that the industry has found a renewed sense of optimism. Registrations with the Scheme are steadily increasing which is a positive sign that the industry is in a position to rebuild itself and thrive once again.”
For more information about the Considerate Constructors Scheme, visit www.ccscheme.org.uk or call 0800 783 1423.