8 INDUSTRY NEWS
Housing developers ‘not ready’ to meet Future Homes Standard
June 2022 as part of the pathway to meeting Future Homes and Building Standards in 2025 and Carbon Net Zero in 2050.
The Government’s stated aim is a greener built environment and the Future Homes and Buildings Standard in 2025 will mean all future homes are net zero ready.
Prior to the 2022 changes coming into force The Federation of Master Builders had stated that less than half of their members were ready for the new regulations. Daniel Love, from Polypipe Building Products – a member of The Housing Forum’s Futures Network – who carried out the research said: “We were alarmed to see that so many senior fi gures do not think that the industry will meet the net zero challenge within the Government’s time frame.
“The results of the survey also show a fundamental lack of understanding of the technologies that developers can adopt to meet their targets. There also seems to be a lack of urgency to increase that understanding and to begin preparations in earnest.
“Developers need to engage with their supply chain to understand the new technologies and construction methods before the 2025 deadline in order for demand for new products and skills to be ready in time.
“The answer has to be an emphasis on engagement, upskilling and education.”
The housing industry believes it is unlikely to meet the requirements set out in the government’s 2025 Future Homes and Buildings Standards according to research carried out by members of The Housing Forum’s Futures Network. The Housing Forum consists of more than 150 organisations, from both the public and private sectors, representing the entire housing supply chain. Members represent £24bn turnover in the housing sector.
The research was carried out among senior industry fi gures attending a num- ber of The Housing Forum’s 2022 events including a series of Decarbonisation Seminars. A total of 91% of the respondents were directly involved in ensuring their organisations meet decarbonisation targets. ne out of fi ve say that their own organisation does not have a plan in place that will enable them to deliver homes that will meet 2025 emissions targets. Three out of four of those questioned think the industry does not have adequate skills and knowledge to meet 2025 targets within the next 10 years.
The research was commissioned in the wake of the changes to Building Regulations which came into force in
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27.8% of average annual transactions over the last decade, followed by autumn (25.5%) then spring (24.3%). When analysing the average annual rate of transactional growth over the last decade, the research shows that the level of new builds sold during the winter months has declined by an average of -. per year, with autumn the only other season to see a decline at an average annual rate of -.. This suggests that not only is winter the quietest month for the sector, but it’s becoming quieter as time goes by. There is one silver lining for the nation’s developers facing a long cold winter of muted market activity – the price achieved to the average new-build is by far its highest during the winter months, averaging £375,860 last winter, with autumn the second best month where price achieved is concerned at an average of £353,175.
New build sales set for winter freeze
While Britain’s property developers can expect to see a seasonal slump in new build transaction levels over the impending winter months, they will, at least, see a boost to the price achieved, according to market analysis by Unlatch. The fi rm analysed new-build sector data for both transactions and the average house price achieved by each season going back over the last 10 years. Its research shows that when it comes to new-build market activity, the winter months of December, January and February have been the quietest time of year for developers within the sector. Over the last 10 years, an average of , new-build sales have completed during the winter months, equating to 22.4% of total sales seen in the year. The busiest season is summer, accounting for
Alongside this, the average new build house price during the winter months has increased by 86% over the last 10 years, with autumn seeing the second largest increase at 73%, followed by summer (63%) and spring (61%).
Lee Martin, head of UK for Unlatch says: “While many developers may well be facing a quieter period over the coming months, those sales they do get over the line are likely to be well worth the effort, very much a case of quality over quantity.”
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