UK economy

Increase in house building delivers huge boost to UK economy

Industry now generating £38bn a year and supporting 700k jobs.

The 74% increase in house building activity in the past four years has provided a huge boost to the UK economy. Research in a new report by planning and development consultancy Lichfields shows that the house building industry in England and Wales is now worth £38bn a year and supports nearly 700,000 jobs. House building activity contributes economically in different ways including providing jobs, tax revenues and contributing funding for local infrastructure and communities. And with Government targeting further increases in supply, the knock-on benefits are set to increase still further.