ONS figures for March showed that average house prices are rising, growing 9.76% and achieving a year-on-year figure of £273,000. Scotland reported and annual growth of nearly 15%.
The Council of Mortgage Lenders also says approvals for home loans are beginning to pick up after a quiet beginning to the year with buyer confidence boosted by lower stamp duty, rising employment, pay increases and falling inflation.
It is certainly a trend which is evidenced in the orders we are receiving from housebuilders. In the last 12 months we have delivered 190 steel site accommodation units to Taylor Wimpey, one of the country’s leading house builders, a long standing and much valued client of Danzer Limited. Our welfare units are on 35 of their development sites across the country.
With further orders for steel units from a wide range of other housebuilders also on our books our production facility is again working at capacity, despite expanding just six months ago. To accommodate the surge in business we are growing the team and recruiting for a number of roles (click here to read more about available jobs). Further investment into the production plant including new steel press and guillotine is also likely in the near future.
Order book value for steel units waiting to be built stands at £1.15m and modular sales also continue to soar so we are looking forward to a busy summer ahead !