Housebuilding boost timber frame market in 2016, MTW Research shows
A new report on the state of Timber Frame Market published by MTW Research suggests the industry continues to outperform the UK economy, despite slowing slightly from recent double digit growth.
Based on data from 80% of the timber frame market, the research found that 2016 profitability continues to strengthen as demand rises from housebuilding and commercial construction. However, MTW notes that there is some evidence of likely deceleration in growth for timber frame sales in H2 2016, though healthy trading patterns are forecast for 2017 and beyond.
According to the report, rising volume demand for timber frame homes over the last few years has sustained optimism with increasing market opportunities at both lower and higher value ends of the market in 2016. This has underpinned the timber frame market with MTW reporting some 80% of timber frame suppliers having good or excellent credit ratings in 2016.
The research highlights that housebuilding levels are some 31% higher than in 2010, with timber frame sales having risen faster than the overall housebuilding market. MTW’s report also reviews the MMC market (modern methods of construction), finding that sales in this sector are set to top £2 billion for the first time in 2018, underpinning further optimism for new building technologies and materials in the future.
The complete 2016 report is purchasable on MTW Research’s website at www.marketresearchreports.co.uk.