According to a report launched by the Home Builders Federation (HBF) more than 100,000 new jobs were generated in England in 2014/15, thanks to the industry’s ‘big increase’ in housing output.
The report, ‘Building Communities, Boosting Employment’, reveals that the housebuilding industry now supports around 667,000 jobs in total in England. Also, local economies across the country are reaping the benefits of thousands of additional homes being delivered.
HBF analysis showed that in London, housebuilding now employs more than 100,000 people and it was estimated that last year more than 10,000 jobs were created in the capital.
Outside London, the West Midlands saw the greatest employment through housebuilding with 27,907 jobs supported by the industry in total.
Greater Manchester enjoyed the biggest uplift in housebuilding employment in 2014/15, with an additional 5,418 people taken on. North Yorkshire experienced the biggest proportional growth, with its housebuilding employment numbers doubling to a total of 8,471.
The HBF explained that reforms to the planning system and the well-received Help to Buy equity loan scheme had helped housebuilders to increase its output by around a third in two years. According to the latest government figures there was a rise of almost 25 per cent in net additions to the housing stock to 170,690 during 2014/15 against the previous year, with new build completions totalling 155,080.
HBF executive chairman, Stewart Baseley said:
“The housebuilding industry has increased its output at the steepest rate for decades. Delivering the high quality homes we desperately need is also providing a huge boost to economies across the country.
“The industry is recruiting and training tens of thousands of new people to ensure it can continue to deliver significant sustainable increases in supply and provide the high quality homes the country needs.”