Industry News

England could need 1m houses by 2025

"Without urgent action to release and consent more land, England’s housing shortfall will total 1 million within 10 years", underlines a report by the global real estate provider Savills. "Britain is facing an annual shortfall of 136,000 new homes across, 100,000 of which is in England", continues the report.  

"This gap can be reduced substantially, but only by boosting the supply of consented development land in high demand locations and supporting a wider range of developers and delivery models". According to Savills, private housebuilders could deliver 150,000 new houses starts a year in England by 2020 but they need to be backed up by a National housing policy. Find out more on Savills website and Telegraph website.

DRC timber production deeply affected by illegal logging, NGO reports

"None of D.R. Congo's 87 million euros ($97 million) of timber production appeared to comply with international timber trade laws", underlines a report by Global Witness. The London-based NGO denounces that "Democratic Republic of Congo's biggest logging companies are systematically violating national laws to plunder Congo's forests, undermining efforts to protect the world's second largest rainforest". Find out more here.

Dennis Smith takes interim role at BMF

The Builders Merchants Federation (BMF) has appointed Dennis Smith on a consultancy basis as Interim Membership Services Director.  He will assist the BMF for a three-month period, while the trade body seeks a permanent replacement for its long-standing Federation Secretary, Peter Matthews. Read more here.

CPI releases its Annual Review claiming a new energy policy

"Cumulative direct and indirect costs associated with all government energy, climate change and environmental legislation, are still too high for UK manufacturers to be truly internationally competitive", said David Workman, CPI director general, commenting the Annual Review 2014-15 – Working Together for a Competitive Future.
The report highlighted the necessity of a more efficient policy based on security of supply and competitive pricing globally. “The success of our industry in reducing its own emissions may only put our ‘at risk of carbon leakage’ status in jeopardy – something that we cannot allow to happen", Workman added.
“The emphasis in policy needs to be placed on encouraging energy efficiency within known technological boundaries – more ’carrot‘, less ’stick’”, CPI director general said.

UK house price keeps on accelerating, ONS reports

UK house prices keep on growing with a 9.6% boost at the end of March, the Office of National Statistics (ONS) reports. The general flatness of consumer prices seems not to affect the housing market where the annual rate of increase accelerated again from 7.4% of February 2015. 

According to the ONS, the prices rise is partly due to the boost of house price inflation in Scotland (+14.6%). Significantly annual property price increases in the East of England (11.4%), London (11.2%) and the South East of England (11.2%). 

The ONS figures show that the cost of the average UK home in March was £273,000, ranging from £498,000 in London to £145,000 in Northern Ireland. Buyers incurred 61,300 home loans in the first three months of 2015.