The UK needs 370,000 new homes per year to meet government targets, but with planning approvals at their lowest in a decade, the industry is struggling to keep up.
The latest Housing Pipeline Report from the Home Builders Federation (HBF) highlights the scale of the challenge, showing a worrying decline in planning permissions that threatens future housing supply. Read on to find out more about what’s causing this slowdown and what needs to change.
The cost of living crisis is something that’s repeatedly filling our news streams with reports of how this is affecting people, businesses and whole industries.
Now, it has been revealed that, during 2022, high levels of inflation on building materials has made its mark on the UK’s construction sector – taking the total cost of construction output for the year to a record level of £204bn.
Read on for more on this story as well as what the experts are predicting for 2023…