Building sector adopting modern methods of construction according to Lloyds bank
Housebuilders are investing in modern methods of construction and skills to address a number of industry challenges as it looks to deliver growth and new homes for the future, according to new research from Lloyds Bank Commercial Banking.
The third annual Lloyds Bank housebuilding report which surveys housebuilders and their supply chain, analyses the state of the industry today and the opportunities and challenges it faces in the future.
David Cleary, Regional Director and National Head of Housebuilding, Lloyds Bank Commercial Banking, said: “The housebuilding industry remains upbeat despite issues that have weighed down the sector for some time including Brexit uncertainty which is contributing to a skills shortage and inflating the cost of raw materials.
“It is reassuring to see the sector confronting these challenges head on by investing and planning for business growth, prioritising staff training and looking at more innovative new building and project management techniques for effective engineering drawing management procedure.”
“We fully back the sector in this ambition both by providing funding solutions and banking services and, through our Housing Growth Partnership to increase the number of new homes built in the UK. By sharing the insight in this report we hope to inform decisions at a time when the industry faces challenges, but also great opportunities.”
Read the Lloyds Bank news release 28th January 2018 in full click here.
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