A few weeks back, here at On The Tools we posted an article about the construction industry bouncing back post Brexit.
However, further reports have taken place which indicate that maybe we shouldn’t be celebrating just yet. The independent review states that the construction industry faces inevitable decline unless “radical steps are taken.”
The review also calls for tax incentives and planning breaks to boost the expanding buy to let sector. Alongside this, it also recommends that the government should “increase the construction of social and affordable homes.” It argues that these homes can be built quicker and cheaper by using “pre manufactured modules rather than traditional bricks and mortar.”
Mark Farmer, a 25 year old veteran of the construction industry agrees with this. He states that the fundamentals of buying a new car e.g. factory built standards, timely delivery and an agreed price, “needs to happen more in construction.”
His review also provides resolutions to tackle Britain’s worsening housing crisis. It calls for the construction of 50,000 pre manufactured homes to be built a year. This is on top of 160,000 traditional homes too.
The report ultimately describes the industry in a very dim state. Low productivity, an ageing workforce, lacking innovation and non existent research/development. This is not all. Escalating costs, fuelled by a shortage of skilled workers has also stalled a number of housing schemes which have become too expensive to build.
According to the report, the workforce is only shrinking further too describing it as a “ticking time bomb.”
It predicts a decline of “20-25% within a decade.”
Farmer proposes though that to combat this and increase the building of houses, a plan to “modernise the industry” is needed.
Industry minister Jesse Norman stated the review “makes a strong case for change in the industry, identifies areas where it needs to improve, and sets out areas for action. We will now carefully consider his recommendations.”