Residential market survey: Housebuilders' hopes and fears for 2021

By Joey Gardiner2020-12-09T06:00:00

The housing sector is blessed with a mini-boom - if you believe the hype - but new data reveals not all residential firms are bullish about their resilience to covid or their prospects next year

A glance at any national newspaper in recent weeks and you cannot fail to have noticed – beyond the covid-19 gloom – that it is boom-time in the housing market. With people having apparently reassessed their lives and homes during the first lockdown, and the chancellor having obliged their itchy feet with a stamp-duty holiday, the market is by most measures hotter than it has been in years.

Many – naturally – initially feared the impact on the housebuilding sector of a pandemic likely to see hundreds of thousands lose their livelihoods and job security, predicting double-digit house price falls. The latest data from Nationwide instead suggests that prices are now nearly 7% up on where they were back in March.

…

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community