Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Bob Weston predicts steep fall in output over the next 12 months
The operating environment for housebuilders is currently as challenging as its ever been and will prompt UK housing output to drop around 40% in the year ahead, according to the founder of Essex-based builder Weston Homes.
Bob Weston, who last week launched a new offsite panellised housebuilding business, British Offsite, to supply both Weston and the wider industry, said the conditions were caused by a combination of the market and “the most anti-housebuilding government we’ve ever had”.
Weston’s comments come after the UK’s largest housebuilder Barratt last week said its output was likely to fall up to 23% in the next year, and follows similar criticisms of the government by the likes of former Redrow boss Steve Morgan and Churchill chief executive Spencer McCarthy.
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
It takes less than one minute….
… or subscribe for full access - Subscribe now