RESIDENTIAL
The housing market has suffered during the economic recession with the number of new homes being built falling; this is a direct effect of the lack of finance available to both private and public markets. Housing demand is currently outstripping supply, the recent housing boom caused an artificial inflation to house prices and as a result more homes are needed to meet the demand and to help curve price inflation.
The recession’s effect on residential housing prices has been minimal. Although a price levelling period may have occurred, no considerable reduction in house prices has been seen, resulting in house prices still being high in comparison to the average household income.
The Governments Sustainability Agenda is encouraging house builders to use off-site solutions to assist in the delivery of housing. As the housing market begins to recover we expect to see Modern Methods of Construction coming to the forefront as contracts look to de-risk housing delivery.
Example Case Studies
