Private housing shows “upward trajectory” in Q2 – Glenigan

July 28, 2021
<p>The housebuilding industry is showing an “upward trajectory”, with private housing starts in the second quarter of 2021 achieving <span>60% growth against Q2 2020, according to Glenigan’s July Construction Review.</span></p> <p><span>Glenigan’s latest <a href="https://www.glenigan.com/market_analysis/the-glenigan-construction-review/?LeadSource=Press%20-%20trade%20publication&amp;amp;ssFDCCampaignID=7015I0000001paUQAQ">report</a>, providing a detailed and comprehensive analysis of UK construction data</span><span>,</span><span> shows that private housing starts totalled £1,956 million in value. At the same time, their notable growth against a year ago was still 34% lower than the same period in 2019.</span></p> <p><span>Starts for private apartments also rose in Q2, climbing 53% against Q2 2020. But they were a fifth down on 2019.</span></p> <p><span>The value of private housing work in Q2 rose 56% against Q2 2020, at a value of £5,644 million. Meanwhile, residential main contract awards were boosted 77% in the same period against 2020, growing 7% against Q2 2019 and totalling £12,019 in value.</span></p> <p><span>Major contract awards soared 111%, while declining by a quarter against the same time period in 2019.</span></p> <p><span>Residential planning approvals fell 3% in Q2 against 2020, totalling £8,514 million. However, they were 16% up on Q2 2019. Approvals for major projects dropped 42% on 2020 to £1,753 million, but this matched 2019.</span></p><p><span>London held the greatest share of housing project starts during …

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