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Hi Ben.
Yes we are being affected but with good planning from management and commercial/buying teams of TW playing their part I think this isn’t being dealt with fairly well.
Plumbing and roofing - yes I have experienced this, down to metal, plastic and roof tile shortages. But again these are being well managed and not really affecting build rate imo.
Completely agree with you in regards to manufacturing products within the UK! Would be great to see.
Good luck mate.
Hi Spurs
I hear that the big house builders are being affected, plumbing and roofing mainly!
But this week our boss said they were having problems with ready mix and all site agents have been told to stock up.
So hopefully we can get it sorted and maybe start producing all our own products here in Britain.
Good luck today
Hi Bamps
I hope you are well BB over there gone nasty again,
Anyway back to houses , I do feel for the young ones now back in 50s-80s a household could probably survive on one income.
Now you need 2+ houses are looking more and more out of reach for many, so I was looking at different ways to help them forward.
This scheme of buy a % and rent the rest, doesn’t sleep right with me!
Then there was leasehold and we know how that has turned out.
Then there is help to buy ( not good if job is not secure and they seem to be encouraged to max out)
That leaves bank of mum and dad!
Just look at how much houses went up last year 8% at average house price, that’s 20k.
Painful reading if you are saving.
Anyway hopefully all our investments go supernova and we can help out, I have three:))))
Good luck all and happy trading
Interesting views all round. Here’s my opinion for what it’s worth....
Material shortage - it is an issue but from what I can see it is being managed and as someone quite rightly said TW and other large builders I believe will receive the least impact both in terms of supply and price. Contracts with big builders to suppliers are extremely important to the suppliers - more so than small ones as they have more business with them. Buying power of TW is massive.
Stamp duty holiday phasing out/ending. Somebody said a while back that this same scenario has already taken place in Scotland and didn’t seem to impact demand.
Property prices pulling back - absolutely agree this is happening. Prices are still very good and can’t see them falling to less than say 2018 levels at the worst - surely if the prices of properties, volume of sales and margins are similar to say 2018 levels the share price should also reflect in line?
I think the lack of confidence in the inflation rate is the main issue but with the material shortages/increases in price, declining property prices and stamp duty holiday is enough for there to make enough people sell/stay away from buying.
I think the price is very low right now but maybe I’m biased/stupid/nieve.
Krusty,
"It doesn't end next week, but the next phase (the tapered extension) begins and runs until the end of September."
Agree, it tapers off.
Given the avg property price is around £250k, it's as good as ended next week.
"As of April 2021, the average house price in the UK is £250,772, and the index stands at 131.52. Property prices have fallen by 1.9% compared to the previous month, and risen by 8.9% compared to the previous year."
https://landregistry.data.gov.uk/app/ukhpi
Hi Ben
Hope you doing ok
I’m not a fan of these 3 storey homes on green field sites, inner cities yes but not in the country.
I’ve seen some dreadful designs recently
Personally I think if house prices and land shortage carries on , I can see generational houses being built.
Over two or three floors and being two or three separate units, many properties in Germany are like that !
It would require completely different mind set in planing, more usage of land from cellar to roof space, every part being used!
Just a thought
Good luck all and happy trading
"I think the sp is down because the Stamp Duty hol ends next week."
It doesn't end next week, but the next phase (the tapered extension) begins and runs until the end of September. So we'll continue to see sales at an inflated level, but that level is likely to be lower than during the initial stamp duty holiday phase IMHO. We will also see less houses coming to market which will squeeze the supply side. If new-build rates begin to feel the effects of materials supply and labour shortages, that will increase pressure on prices and potentially increase the profit % for builders. All IMHO of course.
I think the sp is down because the Stamp Duty hol ends next week.
Property transactions are slowing.
"The latest figures released by HMRC have revealed that UK residential property transactions reached 114,940 in May - a 3.9% dip against the previous month, but still 138.2% higher than May 2020.
When non-seasonally adjusted, transactions totalled 103,100 and were 123.4% higher than May 2020 and down 8.7% against April 2021."
https://www.propertyreporter.co.uk/property/looming-stamp-duty-holiday-deadline-sees-residential-property-sales-ease-in-may.html
I am thinking the sp is down because institutions are worried that rising interest rates next year will hit profits. IMV they are wrong and the housing market will do very nicely.
Hi All
At least all that’s being built are selling ( that’s the good bit), but as you say a shortage of materials and labour will have an influence.
Be very interested in numbers over the next few weeks!
Good luck all
Probably thriller, although the press is saying the smaller builders are being impacted more because the larger builders (such as TW.) hold longer-term, larger contracts with suppliers. There's a shortage of skilled labour too, so it will be interesting to hear how the trade is coping once reporting season starts.
Mr Market might be a bit depressed by the recent spell of bad weather (here in the UK and on the stock market). I've topped up today and might add again tomorrow.
Am wondering if the price being down has anything to do with a shortage of building materials