A recent report by Right Move shows confidence returning to the property market following fears of a post-Brexit housing market crash. Shares in Right Move rose 7% following a profit boost and a bullish outlook posted by the website.
In the article, housebuilder Taylor Wimpy was stated as also striking a positive note saying that trading had been normal since the referendum with a 9.1% rise in half year revenue to £1.46bn.
At AVDanzer we are certainly seeing real evidence that the market does indeed remain buoyant with a full order book to provide site accommodation units for housebuilders right across the country.
Taylor Wimpey is one of our longest standing customers and over the years we have provided hundreds of secure welfare units for their construction teams to use. In the twelve months to September 2016 we provided a total of 216 units to Taylor Wimpey alone in a deal worth £1.192m.
And orders continue to come from both large and small housebuilders, as well as from developers of private rented schemes. One such company is prolific residential developer Renaker, with whom we are working on numerous sites across Manchester. Our latest delivery of welfare units will be to Renaker’s Owen Street scheme which, when completed, will deliver more than 1,500 new homes for the city centre. That, together with other developments across Manchester and Salford will see Renaker deliver in excess of 3,500 homes over the next four years.
Other housebuilders placing orders for site units include Chartway Group, Barratt, David Wilson Homes and Radleigh Homes who all use our steel anti-vandal cabins on their development sites across the country and who have played a significant role in helping AVDanzer to achieve such strong growth in recent years.
Earlier this year we provided welfare facilities to Legal & General Homes (L&GH) which has leased what is the UK’s largest available new industrial unit, The Big 555 in Sherburn-In-Elmet, Yorkshire. From here it intends to meet the growing demands of the UK’s housing market by building off-site homes.
With the Prime Minister stating recently that she has every intention of tackling the housing deficit and Sajid Javid declaring that the Government will invest £5bn to build tens of thousands of new homes it is a trend that looks set to continue. Chancellor Philip Hammond has said that he will prioritise spending on housing and that the government will use “all the tools at its disposal” to increase the amount of new housing stock “because making housing more affordable will be a vital part of building a country that works for everyone.”
The signs all seem to indicate that the demand from housebuilders shows no sign of slowing which is certainly reassuring as we start to move towards Theresa May’s probable trigger of Article 50 next year.