Study says house-builders create 100,000 jobs
The rise in house-building activity created more than 100,000 new jobs in England alone last year, according to a study published by the Home Builders Federation (HBF).
HBF’s analysis* indicates that the house-building industry is now supporting around 667,000 jobs, with 100,000 of them working in London.
Outside London, Greater Manchester saw the biggest increase in house building employment with an additional 5,418 people recruited last year
North Yorkshire experienced the biggest proportional growth with employment numbers doubling.
House-builders have increase output by around a third in the past two years. The most recent government figures show that there were 170,690 net additions to the housing stock during 2014/15, an increase of almost 25% on the previous year. The main component of this new stock was from 155,080 new build completions.
HBF chairman Stewart Baseley said: “The house building 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.”
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This article was published on 20 Jan 2016 (last updated on 20 Jan 2016).