Sadiq Khan, the mayor of London, has warned that rising material prices and labour shortages are hampering housebuilding in the capital, citing the “double impact” of the pandemic and Brexit. According to government data, the cost of construction materials including steel, timber and concrete for all types of work increased 23% in the UK in
EC Harris’s paper ‘People and money: fundamental to unlocking the housing crisis’ reports that construction companies will need to recruit 1 million new recruits by 2020 if the industry is to build the homes the country needs. According to EC Harris, the industry employs 1.5 full time workers per home each year, with 120,000 more
McCarthy & Stone has announced that it is to launch three new regions as part of its growth strategy. The retirement housebuilder will divide its existing North, South West and Midlands regions each into two more concentrated regions. It currently operates across six regions in total, with the sixth launching last summer in North London.