Home Builders Federation

In today’s Autumn Budget announcement, Chancellor Rachel Reeves announced funding to support SME developers, increase Affordable Housing and tackle nutrient neutrality delays.   We welcome the announcements of… 💰 £3 billion of additional support for SMEs and the Build to Rent sector. 💰£500 million additional funds for the Affordable Homes Programme. 💰£46 million of additional funding to support recruitment and training of 300 graduates and apprentices into local planning authorities. 💰£47 million of funding to support the delivery of up to 28,000 homes that would otherwise be stalled due to nutrient neutrality. 💰£70 million in 2025-26 to support infrastructure and housing development while boosting nature recovery. 💰£40 million will be provided to help deliver new foundation and shorter apprenticeships in key sectors. However, the affordability challenges facing many prospective homeowners have yet to be addressed.   And, it is the first time in more than half a century that there is no effective government support for first time buyers looking to purchase a new build home.   If prospective buyers cannot access suitable mortgage finance, then investment in new sites and the industry's extensive supply chain will be constrained.   For a full overview of the announcements most significant for the home building industry, view our member briefing. 👉 https://lnkd.in/eYx-XWd5

🎥 Watch: Chancellor Rachel Reeves announces budget commitments for housing.

Ahead of the 2013 Budget, the number of units being approved in a 12-month period was around 185,000… …Following the introduction of Help to Buy, this annual figure exceeded 250,000 by 2015. The trend continued throughout the first phase of the scheme, climbing to more than 330,000 at the peak – an 80% increase on the pre-Budget number. Download our analysis of the performance of the Help to Buy scheme 👉 https://lnkd.in/eJ-NCwhT #Budget

"We estimate that the nutrients issue where there's currently a moratorium on housebuilding in 74 local authority areas is currently blocking around 160,000 homes. "The government has said it will bring a solution on that, and we need to see that come forward. There's also a clear issue at the minute in terms of local authority planning department capacity." 🗨️ Steve Turner, Executive Director at HBF quoted, @Skynews

We have published research examining the performance of Help to Buy… …finding the scheme has generated more than £900 million for the Exchequer. Importantly, the ‘Road to Redemption’ report highlights that more than 400,000 households were supported by the scheme, including 325,000 first-time buyers. We’re calling on Government to build on its early work in fixing the broken planning system by replacing the void left by Help to Buy. A new targeted equity loan scheme for a new generation, underpinned by developer contributions, will assist buyers to secure affordable mortgage finance with only a 5% deposit… …leading to increased investment in new sites and boosting housing supply. The report is available to view and download via our website 👉 https://lnkd.in/eJ-NCwhT

Building just one new home… ➡️Generates £45,000 towards new affordable housing ➡️Supports the employment of 3 people ➡️Generates £26,666.67 in tax revenue ➡️Increases open space, community sport, and leisure spending by £900 pounds ➡️Generates £6,250 towards infrastructure, which includes £2,820.23 towards new and improved schools Interested in the economic impact of your organisation? Use our housing calculator to discover the community benefits of the homes you build. 👉 https://lnkd.in/edYhZ6_3

Based on Ofgem’s energy price cap increase earlier this month, the average energy bill for a new build house could be up to £2,400 a year less than older homes. That means we know… 💡 86% of new builds have an A or B EPC rating 🔋 New build homes require 59% less energy than older properties 💡 Owning a new build house can cut a consumer’s energy bills by more than £200 a month. 🔋 By choosing new build, homeowners reduce carbon emissions by 63% each year. Find out more about the energy efficiency performance of new build homes 📊👉 https://lnkd.in/eaTAw3Ca #WattASave

📢 New research 📢 New build homes reduce water consumption by almost 8.5 billion litres a year, saving the average household more than £120 on their annual water bills. 🏡💧 To mark Sustainability Day, we’ve published a report exploring the increased water efficiency of new builds compared to existing housing stock. Our analysis shows: 🔹 The average new build household uses 96,000 litres of water per year, compared to 130,000 litres used by occupants of existing properties 🔹 Last year’s new build homeowners saved almost 8.5 billion litres of water – the equivalent to around 3,360 Olympic-sized swimming pools 🔹 The average new build water bill is 27% cheaper, saving homeowners more than £120 a year Find the report on our website 👉 https://lnkd.in/ekRGNgtX

🏠 Let’s welcome our newest members 👇 Full members… 👉 8 Homes 👉 Fruition Properties 👉 Graven Hill Village Development Company Limited 👉 Inspired Villages 👉 OEH Group 👉 Opal Homes ...and associate members 👉 IBB Law 👉 M&J Evans Construction Limited 👉 Marrons 👉 Shakespeare Martineau 👉 SNRG 👉 Environment Bank 👉 Viridian Solar Not a HBF member? Take a look at what you’re missing out on 👉 https://lnkd.in/gUdY3Wzs

You're invited to join us for the launch of the next edition of our SME State of Play report. 📄 📅 Monday 2 December 🕘 6.30pm to 9pm 📍 1 Great George Street, Westminster Spaces are limited. RSVP to events.propertyfinance@closebrothers.com Close Brothers, Travis Perkins plc