1、New Homes Construction Survey20230302It is my pleasure to introduce the Knight Frank New Homes Construction Survey 2023.For many years our highly experienced team has worked closely with national and international developers,landowners and local authorities to deliver financially viable residential

2、development projects.We have utilised this extensive network in order to ask the development and building community their thoughts regarding the future of the new homes construction market.This is the eighth edition of this report and the findings come at a particularly interesting and challenging t

3、ime for the market.I trust you will find this report and its insights useful.Please do reach out to myself or my colleagues on the Knight Frank Development Land or New Homes teams if you have any follow up queries.JAMES MEAGHER DIRECTORTwo-thirds of respondents expect their output in 2023 to be unch

4、anged or lower in comparison to 2022.This suggests that the industry will be unable to build on the progress that was made in 2022 when 29,851 units were delivered,a notable increase in comparison to the 21,000 units that were completed each year in 2019,2020 and 2021.This finding is worrying,partic

5、ularly in the context of research carried out by the Housing Commission which found that there is a need for 42,000-62,000 units each year between now and 2050 in order to satisfy demographic pressures brought on by population growth,in-migration and falling household sizes.The planning process is t

6、he greatest obstacle to increasing output in 2023,overtaking concerns about the cost of building materials and labour which was found to be the biggest obstacle in our 2022 analysis.Obtaining planning permission from Local Authorities,in addition to appeals and judicial reviews,can take anywhere in