Self-build booming – report
4th July 2017
The self-build/custom build industry is growing at 6.25% a year, giving a third consecutive year of growth, with the sector now forecast to gain 16,500 housing completions by 2020.
According to the Self & Custom Build Market Report, by information provider Homebuilding & Renovating: “this three-year forecast implies an industry growth of 41 per cent and an average industry value of £6 billion. This, says the report, reinforces the sector's strategic role as a contributor to the Government’s housebuilding targets.”
Jason Orme, one of its contributors, said: “As a result of the market increase and other factors – not least the reluctance of speculative housebuilders to differ their standard offerings – suppliers of products and services are increasingly finding the self and custom build market an interesting opportunity.”
Another, Michael Holmes added: “The analysis in this report contains details including how, where and why people build their own homes and what they put in them; and, with the maximum possible authority, establishes the shape of the market in the coming years.
“It will allow us and other members of the industry to better understand the motivations, hurdles and aspirations of self builders themselves and to understand activity in the market, down to a level previously undiscovered in terms of product choices and spend.”
The report can be purchased online via: www.homebuilding.co.uk/market-report
The main source of data that this report is based on a new comprehensive consumer survey of 500 self-builders who had either recently completed or are about to complete their project. This research was conducted via an online survey in 2017. The overall analysis was compiled based on statistics from sources including HMRC and DCLG.