Timber frame to account for 27% of new housing market share, says STA
According to a new report by the Structural Timber Association (STA), timber frame is expected to account for 27% of new housing by 2017.
The 'Timber Trends report', analyses the market growth of timber frame housing from 2013 and forecasts growth to 2017, showing a steady increase in house starts of ca 2% annually.
Since 2013, more than 150,000 homes have been built per year. Following the positive trend, with 184,605 (+3%) new housing starts expected in 2017, the market share of timber frame could eventually rise to 27%.
“The advantages of high quality, quickly built timber frame homes and commercial buildings have become increasingly recognised by a wider audience, not least by the government where the benefits that timber frame provides will help meet new home building targets,” said Andrew Carpenter, Chief executive of the Structural Timber Association (STA). “These benefits are increasingly enjoyed by construction companies, as recently confirmed by the adoption of timber frame as a mainstream method by Barratt Developments plc and with similar large scale operations also in the process of turning to structural timber solutions.”
“Approximately 40% more detached timber frame homes were built in England in 2014 than in 2013. As the trend continues to make progress in the private housing sector, now is the ideal time for structural timber companies to take advantage of the vast number of opportunities available to them", concluded Mr Carpenter.