Government’s next Budget to give huge boost to construction if they embrace new homes plans

Construction bosses are hoping the government’s upcoming budget isn’t too harsh on the industry and want plans for new homes to be included.

The Home Builders Federation (HBF) is reportedly hoping for some “positive” news in the budget to give the house building industry a much needed boost.

There has been an increased need for new homes and green homes recently, with reports that the demand for new homes would outstrip supply by 750,000 by 2015. The house-building industry is therefore not delivering on its targets and something needs to be done to improve the productivity, which the budget could address.

The HBF hopes that new initiatives for first-time buyers, public land and planning will be included in the next budget and give the construction industry, and the economy, a big boost.

The HBF’s Steve Turner said in a statement : “There seems to be a realisation within government that we need to increase house building. We want to see measures in the Budget that allow more house building of all types.”

If the government take notice and develop plans to meet the demand for new homes, it would not only give the construction industry a big boost, but it would create new jobs for contractors in the industry.

In other news, five local councils have announced a new partnership with Lloyds Bank, which would give first-time buyers a 20% deposit. The councils that have signed up to the scheme include Blackpool, Warrington, Northumberland, Newcastle under Lyme and East Lothian.

What do you think about the HBF’s hopes for the next budget? Let us know and comment below or on the Train4TradeSkills Facebook and Twitter pages.

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Posted on March 16, 2011, in construction jobs, construction news, Electrical News, electrician jobs, plumbing, plumbing jobs, Plumbing News, train4tradeskills and tagged , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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