A new report from the Home Builders Federation (HBF) has provided weight to arguments for a massive boost in the construction of new homes to benefit both society and the economy.
In its report, Building Communities, Boosting Employment’, the organisation claims over 100,000 new jobs were created in England along last year thanks to an increase in housebuilding. All told, it says, the industry is now supporting around 667,000.
Highlights of the report include:
Housebuilding in London now employs over 100,000 people Outside London, Greater Manchester saw the biggest increase in house building employment with an additional 5,418 people recruited last year North Yorkshire experienced the biggest proportional growth with employment numbers doubling Outside the capital, house building activity in the West Midlands supports most employment with 27,907 jobs supported by housebuilding
The most recent Government figures show that there were 170,690 net additions to the housing stock during 2014/15, an increase of almost 25% on the previous year. The main component of this new stock was from 155,080 new build completions.
“The house building industry has increased its output at the steepest rate for decades,” said Stewart Baseley, the HBF’s executive chairman. “Delivering the high quality homes we desperately need is also providing a huge boost to economies across the country. The industry is recruiting and training tens of thousands of new people to ensure it can continue to deliver significant sustainable increases in supply and provide the high quality homes the country needs.”