News - Construction News
West Midlands housing surges despite Brexit uncertainty
26 Nov 19
According to research carried out by Glenigan, the West Midlands was the leading region in the UK recent housing surge for the third quarter of 2019, with the National House-Building Council recording a 52 per cent increase in new homes starting construction, translating to a precise figure of 4,760 units.
Furthermore, Glenigan’s discovery of this recent surge in the West Midlands region is likely a product of the undertaking of the athletes’ village for the 2022 Commonwealth Games in Birmingham, although without including this project in the housing unit total the number of new homes being erected in the region would have still increased by a proportion of 14 per cent.
Looking further back, a grand total of 14,500 new homes were constructed in the West Midlands during 2018, with this figure being higher than the total for 2017 by a proportion of 21 per cent, while projections by Glenigan predicted that housing construction would increase in the region by 12 per cent this year, thereby weathering the post-Brexit downturn.
Some examples of housing projects that are scheduled to be undertaken in the region in question include the New Garden Square development in Birmingham, that will see to the delivery of 392 apartments commencing next spring, in addition to the Bloor Homes’ West Shottery development and the Edgbaston cricket stadium redevelopment scheme.
Fuelling this surge in housing is the recent £10Bn regeneration programme by the West Midlands Combined Authority (WMCA) which seeks to drive forward 24 regeneration projects as well as the delivery of approximately 4,000 new homes.
The WMCA Chief Executive, Deborah Cadman stated: “The investor-friendly WMCA is focused on providing our region with strategic leadership and the local knowledge needed to succeed.
“Supported by the UK Government’s ambitious Industrial Strategy, we are building tomorrow’s homes, creating vibrant and thriving mixed-use places, investing in world-class infrastructure, and transforming the West Midlands into the UK’s growth capital.”
If you would like to read more articles like this then please click here.
More News
- Second £1.6Bn decarbonisation framework launched by Pagabo
3 May 24
Pagabo has announced the 56 suppliers appointed to its brand-new £1.6Bn Decarbonisation Solutions Framework
- Construction project management contributes £33Bn to UK economy
2 May 24
The construction sector of the project management has grown by over 20% in five years
- Biodiversity Net Gain: How developers can grow a successful strategy
1 May 24
Key points to be aware of and how to build a successful Biodiversity net gain
-
-
Latest News
- Second £1.6Bn decarbonisation framework launched by Pagabo
3 May 24
Pagabo has announced the 56 suppliers appointed to its brand-new £1.6Bn Decarbonisation Solutions Framework
- Construction project management contributes £33Bn to UK economy
2 May 24
The construction sector of the project management has grown by over 20% in five years
- Biodiversity Net Gain: How developers can grow a successful strategy
1 May 24
Key points to be aware of and how to build a successful Biodiversity net gain
- Greener Government estate as First Street Hub tops out
30 Apr 24
Government is celebrating a sharp reduction in energy consumption and emissions across the public estate.
- Planners Green-light BNG-ready Sheffield social housing scheme
29 Apr 24
Building work on 26 homes as part of a new social housing scheme near Sheffield
- Rethinking sustainable construction: a future forged in timber
26 Apr 24
The light-weight nature and workability of timber makes it ideal for retrofitting, extending the life
-
-