Government to eye custom-build housing for 2019

The government will heavily advocate custom-build housing as a way of increasing the housing supply in 2019, according to Lloyds Banking Group head of housing development Douglas Cochrane.

Cochrane was speaking at a new build and housing delivery seminar at the Financial Services Expo today, where he pointed out that 90,000 people are already registered as being interested in housing of this type.

Custom housing describes the process whereby budding house owners either choose design variables from a menu of options, or design a house entirely themselves, to be raised in a plot of land surrounded by pre-built infrastructure. The most eminent example of this is the Graven Hill project, in Oxfordshire.

Cochrane said: “The concept behind this is to create an entry-level type of self-build. This is not necessarily something out of Grand Designs but a project which will allow people to buy a plot to potentially dial up two or three different property types and have one actually constructed on that particular plot.

“This would be controlled though the planning system, but there is a certainly lots more to come on this topic.”

In July the House of Lords Science and Technology Committee recommended the use of off-site manufacture as one way of increasing housing supply.


Construction sector bounces back with strong growth in new orders

Recovery in the construction industry continued in June, with the sector seeing the strongest growth rate for seven months. The Construction Purchasing Managers’ Index showed that new orders among construction firms was also buoyant, rising at the fastest pace since May 2017. This closely-watched index, compiled by IHS Markit showed activity in the sector rose […]

India rate cut – more to come?

Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]


News and expert analysis straight to your inbox

Sign up