Hardly a day has gone by this year without flood warnings, flood risks and flood management being mentioned in the media. The Environment Agency has already issued hundreds of flood warning and alerts for England and Wales this year and in Scotland, the Scottish Environment Protection Agency has issued 27 flood alerts and 61 flood warnings between January 1st and January 20th alone. The Environment Agency estimate that already this year around 640 properties have flooded in England alone.
Twelve months ago no one was predicting the significant increase in new housing starts that shocked the industry in 2013. We entered the year cautiously optimistic expecting a modest 3 per cent increase in new housing starts and after a disappointing first quarter no one could be certain what the rest of the year would hold.
Mark Oliver, MD of H+H, discusses how after the deepest and longest house building depression in history we are now, thankfully, experiencing an upturn. The latest estimate from the Construction Products Association predicts that by the end of this year there will be 138,139 new home starts. That’s an increase of 16.7 per cent on last year and a jump of 29.5 per cent since the darkest days of the recession in 2009 when there were only 106,635 new home starts.