Research published by the British Property Federation shows that build-to-rent home construction has soared in the last year, providing significant work streams for contractors. Currently, there are 139,508 build-to-rent homes complete, under construction and in planning across the UK – an increase of 22% on 2018 with the number of homes completed and in planning up by 29% and 10% respectively. Construction Enquirer

A report suggests it is likely that increased numbers of developments within the UK, notably in London, will need to provide mixed residential/industrial use. This is based on surveys showing growing urban populations plus demands from both the industrial and residential development marketplaces. Property Wire

Sadiq Khan, the Mayor of London, has confirmed the launch of a new £38 million fund targeted at community-led housing. The objective is to encourage Londoners to play a prominent role in building new for social-rent and other affordable properties.
The new London Community Housing Fund is open for bids now and is expected to unlock 500 community-led homes within four years, making grants or loans available to support building, development, and delivery. Property Wire

The Construction Products Association has slashed its forecasts for the industry’s output in the next two years. Six months ago they suggested that construction output would rise by 2.3% this year. Citing uncertainty around Brexit, however, this positive outlook has now collapsed, with activity expected to increase by just 0.3%, rising to 1.6% in 2020.

In the region of 8,500 new homes will be constructed in Northamptonshire as a result of an injection of funds from Homes England (the government’s housing delivery agency). The county’s schemes, located approximately one hour from both London and Birmingham and within the Cambridge/Oxford corridor, consist of two new residential developments that should create approximately 3,000 jobs plus space for schools, leisure and commercial interests. This will take place close to Kettering and Wellingborough and has been made possible due to a £70 million loan from Homes England. Housebuilder and Developer

Amongst other statistics, the Government’s official figures indicated that new-build dwelling starts in England had been estimated at 44,740 (figures seasonally adjusted) in the latest quarter. That represented a 12% increase on the previous three months and also a 12% increase compared to the year earlier. Using the quarterly basis, the estimated figure for completions was 41,270 (again seasonally adjusted), representing a no change position (0%) compared to the previous quarter and a 3% increase over the position a year ago. UK GOV

Persimmon has stated that it has achieved another “strong trading performance” for 2018. In advance of its full-year results due on the 26th February, the large volume housebuilder commented that it anticipated pre-tax profits for the financial year closing on the 31st December 2018 to be “moderately ahead” of the current market consensus, due to the company gaining benefit from the new schemes it has commenced throughout the year. House Builder

Bovis Homes announced that it is set for a “record” year of profits with another controlled period termination. In its trading statement in advance of the release of its annual results on February 28th, Bovis stated that for the year ending December 31st , it had delivered a total of 3,759 new homes – an increase of 3% compared to 2017. Private dwellings were numbered at 2,567 compared to 2,573 in 2017. The average selling price (private) for completions was £338,000, an increase on 2017’s £334,500. Housebuilder

Willmott Dixon Interiors has been appointed by the world-famous National Gallery on Trafalgar Square to update key areas of the museum’s interior.  The revamp involves the complete refurbishment of Room 32 – the largest room within the National Gallery – as well as refurbishing parts of the ground floor areas and the basement. Construction Enquirer