Between 2021 and 2022, Barratt Developments was the company with the largest housing turnover in the United Kingdom. Taylor Wimpey was the second company in the ranking, with a housebuilding revenue of *** billion British pounds. In fourth place, Bellway generated a revenue of *** billion British pounds in 2022. However, that only refers to the turnover that those companies generated from housing activities. What is the outlook for the UK's home construction market? Although housing construction was expected to stagnate in 2024, over the coming years the number of homes built is expected to rise at a quick pace. The projected growth of housing starts in the UK is anticipated to be **** percent higher in 2028 than in 2024. A rise in construction starts would be a good sign for the market, as there is a high demand for housing which, along with other factors, has fostered increasingly higher house prices in the UK during the past years. Who are the leading home builders in the U.S.? The market size of the home building industry in the United States is even bigger than in the UK. In 2023, Miami-based Lennar Corp. and the Texas-based D.R. Horton were the largest homebuilders in the U.S. with a revenue of over ** billion U.S. dollars. Other builders, such as PulteGroup, Toll Brothers, and NVR were also prominent players in the residential construction industry, with much higher revenue figures than their UK counterparts. The value of new residential construction in the U.S. rose significantly from 2019 to 2022 despite the COVID-19 pandemic, reaching about *** billion U.S. dollars. However, the market is expected to decrease until 2025, which could impact the revenues of these home builders.

Number of Businesses statistics on the Residential Building Construction industry in the UK

The number of housing units whose construction started in Wales in 2023 was over three times higher than in 2020. The source did not provide data for 2021. Overall, the number of housing starts has decreased a lot between 2000 and 2020. Wales was the country with the lowest number of housing completions per capita in Great Britain.

Residential building contractors are contingent on the propensity of property developers to invest in new ventures; movements in property prices; government schemes intended to boost the housing supply; and underlying sentiment in the housing market. Industry contractors have endured turbulent operating conditions over the past five years, leading to volatile shifts in revenue and profitability. Revenue is forecast to grow at a compound annual rate of 5.4% over the five years through 2025-26, reaching £100.5 billion. The pandemic caused a significant drop in output in 2020-21, as restrictions placed on on-site activity and fewer enquiries for new housing units reduced revenue opportunities. Aided by government support for the housing market and the release of pent-up demand, 2021-22 was characterised by a strong rebound in activity, though materials and labour shortages maintained constraints on output. Mounting supply chain disruption and heightened economic uncertainty maintained pressure on output in the following year, though revenue growth was maintained by growth in average selling prices. Interest rate hikes and inflationary pressures led to a more subdued housing market in 2022-23, holding back the number of housing starts and completions during the year. This was followed by a slump in new residential building construction in the following year, as high borrowing costs and uncertain market conditions caused developers to scale back investment plans. The new Labour government has put forth ambitious housing targets, leading to planning reforms, increased funding for SME housebuilders and a particular focus on affordable housing to speed up housing delivery. Even though economic conditions continue to affect investor sentiment, supportive supply-side policies are anticipated to boost revenue growth by 0.5% in 2025-26. This growth is expected to also be fuelled by an uptick in new orders for residential building construction, coupled with a rise in average selling prices. Revenue is slated to climb at a compound annual rate of 2.3% to reach £112.5 billion over the five years through 2030-31. Housebuilding activity is set to grow in the medium-term, aided by the release of pent-up demand. Nonetheless, significant uncertainty remains, with mortgage rates likely to settle well-above pre-pandemic levels and supply chains remaining fragile. The new government’s pledge to deliver 1.5 million houses during the first five years of parliament will boost demand for industry contractors, though the full impact of this on growth prospects is dependent on the nature and extent of accompanying funding plans.

Repair and maintenance of private homes was the segment of residential construction with the highest annual growth rate in 2023. Meanwhile, new private and public housing construction increased by over five percent that year.

The UK Residential Construction Market is Segmented by Type (Apartments & Condominiums, Landed Houses & Villas, and Other Types), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, Modern Methods of Construction), by Investment Source (Public, Private), and by Geography (London, Birmingham, and More). The Market Forecasts are Provided in Terms of Value (USD).

Starts and completions of new build dwellings in the UK, on a quarterly and annual basis, time series data

Total number of housing completions (seasonally adjusted)

How the figure is calculated:

Total housing completions are reported by local authority and private building control organisations after the end of each quarter. A completion is counted when a dwelling is ready for habitation. The figures are seasonally adjusted to allow comparisons with previous quarters.

Why is this indicator in the business plan?

Increasing the supply of housing is a key part of DCLG policy. The house building figures are the most frequent and timely indicator of housing delivery.

How often is it updated?

Quarterly

Where does the data come from?

P2 quarterly house building returns by local authority building control departments; monthly information from the National House Building Council (NHBC) on the volume of building control inspections; and a quarterly survey of private building control companies. Published figures are at https://www.gov.uk/government/organisations/department-for-communities-and-local-government/series/house-building-statistics.

What area does the headline figure cover?

England

Are further breakdowns of the data available?

Yes, can be split by local authority area and by tenure

What does a change in this indicator show?

An increase in this indicator is good and shows more new houses are being completed.

Time Lag

Figures are published within two months of the end of the reporting period.

Next available update

May 2015.

Type of Data

National Statistics.

Robustness and data limitations

The P2 figures from local authorities and figures from private building control companies include imputation for a small number of missing returns.

Seasonal factors for the house building time series are re-calculated annually back to 2000. This is usually done in the second quarter of the calendar year. Therefore the seasonally adjusted house building figures throughout the whole period change slightly at that time but are not marked as 'revised'.

Links to Further Information

https://www.gov.uk/government/organisations/department-for-communities-and-local-government/series/house-building-statistics

Contact Details

CorporatePerformance@communities.gsi.gov.uk

Discover the latest insights into the UK residential building construction market. Explore market size, growth trends (CAGR 2.26%), key players (Willmott Dixon, Mace, Balfour Beatty), regional analysis, and future forecasts (2025-2033) for London, Birmingham, and more. Learn about driving factors, restraints, and segmentation impacting the £185.55 million market. Recent developments include: December 2022: 375 low-carbon rental homes are delivered as part of a historic restoration project for Bristol City Center through public-private partnerships., December 2022: As the One Sydney Harbour residential building from Lendlease celebrates a critical milestone of "topping out" of Residences One, marking the completion of the highest structural point of the 72-story tower, it has secured more than $3.7 billion in sales over its three towers.. Key drivers for this market are: 4., Growth in Commercial Activities and Increased Competition4.; Increasing Demand for Affordable Housing Units. Potential restraints include: 4., Lack of Housing Spaces and Mortgage Regulation can Create Challenges. Notable trends are: Government mandates pertaining to Energy Efficiency.

Total number of housing starts (seasonally adjusted)

How the figure is calculated:

Total housing starts are reported by local authority and private building control organisations after the end of each quarter. A start is counted from the point at which foundation work begins. The figures are seasonally adjusted to allow comparisons with previous quarters.

Why is this indicator in the business plan?

Increasing the supply of housing is a key part of DCLG policy. The house building figures are the most frequent and timely indicator of housing delivery.

How often is it updated?

Quarterly

Where does the data come from?

P2 quarterly house building returns by local authority building control departments; monthly information from the National House Building Council (NHBC) on the volume of building control inspections; and a quarterly survey of private building control companies. Published figures are at https://www.gov.uk/government/organisations/department-for-communities-and-local-government/series/house-building-statistics.

What area does the headline figure cover?

England

Are further breakdowns of the data available?

Yes, can be split by local authority area and by tenure

What does a change in this indicator show?

An increase in this indicator is good and shows more new houses are being started.

Time Lag

Figures are published within two months of the end of the reporting period.

Next available update

May 2015.

Type of Data

National Statistics.

Robustness and data limitations

The P2 figures from local authorities and figures from private building control companies include imputation for a small number of missing returns.

Seasonal factors for the house building time series are re-calculated annually back to 2000. This is usually done in the second quarter of the calendar year. Therefore the seasonally adjusted house building figures throughout the whole period change slightly at that time but are not marked as 'revised'.

Links to Further Information

https://www.gov.uk/government/organisations/department-for-communities-and-local-government/series/house-building-statistics

Contact Details

CorporatePerformance@communities.gsi.gov.uk

The number of new housing starts per capita in Northern Ireland fell slightly in the financial year 2023/24. That year, there were 3.1 housing units started for every 1,000 citizens of Northern Ireland. The supply of new homes reached its peak in 2009/10, when 4.5 housing units were started for every 1,000 inhabitants.

The number of housing units in Wales whose construction was completed in 2023 was much higher than in 2019. Most new housing was completed by private enterprises, with those built by housing associations only making up a small share of all completions.

******************** led the rankings in terms of the largest construction company by market capitalization in the United Kingdom as of October 11, 2024. The residential property development company reached a market capitalization of nearly **** billion U.S. dollars. Other notable companies in the sector were Taylor Wimpey and Persimmon, with market caps amounting to **** billion and *** billion U.S. dollars, respectively.

Comprehensive dataset containing 1,981 verified Custom home builder businesses in United Kingdom with complete contact information, ratings, reviews, and location data.

This dataset contains a short-term measure of output by the private sector and public corporations in the construction industry in Great Britain, including quarterly data. Values are given in millions of pounds and are seasonally adjusted.

Output is defined as the amount charged by construction companies to customers for the value of work (produced during the reporting period) excluding VAT and payments to sub-contractors.

Construction output estimates are a short-term indicator of construction output by the private sector and public corporations within Great Britain and are produced from a monthly survey of 8,000 businesses in Great Britain. The estimates are produced and published at current prices (including inflationary price effects) and at chained volume estimates (with inflationary effects removed) both seasonally adjusted and non-seasonally adjusted. Chained volume measures are also described as volume. Construction output is used in the compilation of the output approach to measuring gross domestic product (GDP).

The most recent ONS data release from which this data is sourced can be found here.

Over **** of SME house builders in England considered that the planning system was one of the main constraints hindering them from building more homes in 2024. Also ** of respondents considered that the lack of financially viable land was a constraint, while ** percent of English house builders also mentioned the lack of available and viable land as one of their main challenges.

The UK Prefabricated Buildings Market Report is Segmented by Material Type (Concrete, Glass, Metal, Timber, and Other Material Types), Application (Residential, Commercial, and Others), Product Type (Modular Buildings, Panelized & Componentized Systems, Other Prefab Types), and Region (England, Scotland, Wales, Northern Ireland). The Market Forecasts are Provided in Terms of Value (USD).

The European residential construction market, valued at €1.08 billion in 2025, is projected to experience robust growth, driven by factors such as increasing urbanization, rising disposable incomes in several key European nations, and supportive government policies aimed at stimulating housing development. The market's Compound Annual Growth Rate (CAGR) of 5.67% from 2025 to 2033 signifies a considerable expansion, indicating a significant opportunity for construction companies and related businesses. Growth is expected to be particularly strong in countries experiencing population growth and housing shortages, such as the United Kingdom, Germany, and France. The market is segmented by property type (single-family and multi-family) and construction type (new construction and renovation). The new construction segment is expected to dominate, propelled by increasing demand for new homes, while the renovation segment will see steady growth driven by the need to upgrade existing housing stock to meet modern standards and improve energy efficiency. Key players such as Vistry Group, Bellway plc, and Barratt Developments plc are expected to remain significant market forces, leveraging their expertise and established market presence to benefit from this growth. However, challenges such as rising material costs, labor shortages, and stringent environmental regulations pose potential restraints, impacting profitability and project timelines. The fragmented nature of the market across various European countries presents both opportunities and challenges. While some nations will experience faster growth due to specific economic factors and supportive policies, others may lag behind. Therefore, companies operating in this market need a nuanced understanding of country-specific dynamics to achieve success. The long-term outlook for the European residential construction market remains positive, although it is subject to potential macroeconomic fluctuations. The consistent demand for housing, driven by population growth and changing lifestyles, will continue to support market expansion, while the incorporation of sustainable building practices and technological advancements will shape the future of the sector. Further expansion into the renovation segment provides ample opportunities to tap into existing housing stock with sustainable retrofitting projects, bolstering market growth through both new builds and increased housing value. This in-depth report provides a comprehensive analysis of the Europe residential construction market, covering the period from 2019 to 2033. With a focus on key market trends, growth drivers, and challenges, this report offers invaluable insights for investors, builders, developers, and industry stakeholders. The report utilizes data from the historical period (2019-2024), the base year (2025), and projects the market’s trajectory through the forecast period (2025-2033), with an estimated year of 2025. It examines market dynamics across various segments, including single-family and multi-family property types, new construction and renovation projects, and provides granular insights into key European countries and regions. The report’s detailed analysis of market concentration, M&A activity, and regulatory impacts provides a 360° view of this dynamic sector. Recent developments include: April 2023: Apollo Global Management Inc. agreed to buy part of a portfolio of apartments from Vonovia SEfor €1 billion ($1.1 billion), with the largest German residential deal in months suggesting confidence is returning to the under-pressure sector. The private equity firm will acquire a minority stake in 21,000 homes in the German state of Baden-Wuerttemberg at a discount of about 5% to the portfolio’s year-end valuation., October 2023: The new housing association, Sovereign Network Group (SNG), announced its formation yesterday following a tie-up between 61,000-home Sovereign and Network Homes, which managed 21,000 properties. The new organisation will be a member of the G15 group of London’s largest landlords, and will manage more than 82,000 homes with 210,000 customers across London, Hertfordshire and the South of England.. Key drivers for this market are: Demand for New Dwellings Units, Government Initiatives are driving the market. Potential restraints include: Supply Chain Disruptions, Lack of Skilled Labour. Notable trends are: Increasing in Investments in Multifamily Residential Construction.

Comprehensive dataset containing 278 verified Modular home builder businesses in United Kingdom with complete contact information, ratings, reviews, and location data.