Third consecutive annual rise in custom and self-build in the United Kingdom
Is the custom build marketplace going to play any genuine part in the Governments effort to build 1.5 million new homes by 2022? The answer seems to be yes if the continuous annual growth of the marketplace is considered.
New research has found the custom and self-build market has experienced year-on-year growth of 6.25%.
Homebuilding and Renovating published the The Self and Custom Market Report last month which forecast the market to reach 16,500 home completions by 2020, if the market continues at its current pace.
The Report, which was supported by NaCSBA includes comprehensive analysis of the current custom and self-build sector and will act as a useful tool for policy makers at local and national levels.
Michael Holmes, Chairman of NaCSBA and a contributor to the report said:
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.
We believe that this is the best attempt yet at providing a single reference for information on the custom and self-build market. 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.
Reference: Custom Build