17 Feb 2017
The government’s declaration of support for offsite construction methods to help meet house building targets is a “massive opportunity” for the timber frame sector, according to the Structural Timber Association. In October 2016, Communities Secretary Sajid Javid announced the launch of a £3 billion ‘home building fund’. Now Housing Secretary Gavin Barwell has made it clear that the government sees offsite construction as a key route to increasing building capacity and a potential beneficiary of the new funding. The UK timber frame sector accounts for 80% to 90% of offsite construction and hence has a “massive opportunity” to increase housing supply. Forecast housing start increases, coupled with the promotion of construction methods favouring wood, will see greater demand for wood in UK construction, resulting in increased timber prices.