Reports suggest that 3 million new homes categorised as “social” will need to be built in England over the next 20 years if the housing crisis is to be solved. Shelter, the housing charity, was quoted as saying that included 1.2 million homes for younger families who would be unable to afford a purchase and therefore face the prospect of expensive and insecure private renting for their entire lives. BBC

Taylor Wimpey reported another year it classified as exhibiting “strong performance”. The company said it is set to report full-year results in line with expectations. Publishing an update before its results for the year ending December 31, 2018, are released, the housebuilder stated that in the period covered, total home completions increased 3% to 14,947 when measured against the same time period in 2017. The average sales price on its private completions increased by 2% to just over £300,000, with trading reported as being “robust” even allowing for some indications of uncertain customer confidence towards the end of the year in London and the South East. Housebuilder

A newspaper report has covered the high cost of renting property in England. The coverage states that since 2010, private rental rates in England have increased approximately three times faster than income earnings, as analysed by the National Audit Office (NAO). The study states that there are now 58 locations around England with rental prices for a two-bedroom home exceeding £1,000 per month. Sunday Times

Materials specialist SigmaRoc has announced the appointment of David McClelland, ex Tarmac Director, to its executive committee in the role of Managing Director. He will be responsible for developing the group’s third aggregates and quarrying focused platform. Construction Index

The Federation of Master Builders stated that construction output has risen despite Brexit uncertainty. However, the organisation noted that the government must not be complacent about the potential damage a ‘no deal’ Brexit would cause, in spite of the positive signs of growth in UK construction and related industries. The construction output figures for November 2018 were published by the Office for National Statistics (ONS). They confirmed that the UK construction sector grew by 2.1% during the period September-November 2018 when compared to the previous three months. Builders’ Merchant News

Further discussion of what is described as “England’s chronic housing shortage” has outlined new figures indicating that there are only 825 homes for every 1,000 potential family occupiers across the country. The report is based on research from the Resolution Foundation, quoting that the ratio between housing stock and family units is at its lowest level since record-keeping began in 1999. Daily Telegraph

Cavanna Homes, the Torquay-based builder, has reported another year of steady growth. Turnover is cited as having increased over 6% to £64.7 million in 2018 versus 2017. 290 new homes were sold, comprising 201 standard and 89 affordable market homes. For the year 2017, Cavanna sold 239 homes throughout Devon. The company further commented that 2018 saw a “record” number of its sites under development throughout the South-West. Housebuilder

The Grafton Group has issued a trading update showing increased revenues of 8.7% last year, a result ahead of analysts’ expectations. The figures given indicated group revenue for 2018 reached £2.95 billion. Constant currency revenue growth was 8.4% and daily like-for-like average revenue increased by 4.3%. As anticipated, the rate of growth moderated during November-December after the above-expectation growth of September-October. Builders’ Merchant News

Contractor Mace has been appointed as the main contractor for Sellar’s £825m Renzo Piano-designed Paddington Square development which will transform the area around Paddington Station in West London. Construction News