Private Housing RMI Market Report – UK 2021-2025
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This is the first AMA report to provide a review of the private housing market for repairs, maintenance and improvements (RMI). It is a companion report to another first time report on social housing RMI.
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Key issues covered in the report:
- Evaluation of the market by contractors’ output 2016 –2020 and forecasts 2021-2025.
- Analysis of key market factors in 2020:- impact of Covid restrictions on RMI activities; trends in demographics; trends in the housing market; housebuilding starts & completions;
- Right to Buy; conversions of commercial units to private residences; trends in householder developments; decline in DIY skills & growth in demand for ‘GSI’; shortages in skilled trades.
- Analysis of homeowner spending on RMI split between work types within context of routine repairs & maintenance and major alterations & improvements; split in RMI expenditure by region
- Review of main areas of RMI activity by work type e.g. major extensions, loft conversions’ boiler replacement; kitchen refits; wetroom installations etc.
Some of the Companies Featured in this Report:
Homeserve, Corgi Homeplan, Avonside Group, Breyer Group plc, Briggs Amasco, Anglian, Safestyle, Everest, Carillion Energy Services, Miller Pattison, Everwarm, Instagroup, Dyson Energy Services, A & M Energy Solutions, Lawtech, ThermaBead, AC Whyte & Co, Inbuild Solutions
Areas of particular interest include:
- Analysis of key market drivers for private housing RMI
- Breakdown of private housing RMI by types of work
- Evaluation of RMI spending by demographic splits
Market Overview
- Private housing RMI output 2016-2020 and forecasts 2021-2025
- Key market influences – Socio-economic factors: Trends in private sector housing stock; House price movements; House sales; Householder development planning applications; Decline in DIY skills and increase in demand for tradesmen; Shortages of on-site trades and professionals; impact of Covid-19 on demand for trade
Private housing RMI demographic profile
- Household disposable income and RMI expenditure
- Breakdown of average annual household spending on housing RMI by type of work
- Average annual household Expenditure on housing RMI by region
- Average annual household expenditure on housing RMI by age group.
Private housing RMI by type of activity
- Extensions; loft and basement conversions; central heating installation, servicing, repairs; replacement windows and doors; loft and external wall insulation; replacement bathrooms and ‘wetroom’ installations; kitchen refits; replacement roofing.
Trades/Contractors
- Overviews of the main trades by type, by annual turnover and by number of employees:- Plumbing, heating and air-conditioning services; electrical contractors; roofing contractors; glazing firms; general builders; kitchen fitters; insulation Installers
This 1st edition of the Private Housing RMI Market Report reviews the market for home repairs, maintenance and improvements (including extensions), but solely focusing on the private sector i.e. homeowners and the private rental sector. The reports covers the size and performance of the market in recent years, market shares and performance of individual sectors within residential RMI, as well as key trends and market influences. This report provides an analysis of recent market performance and forecasts to 2025. The analysis is both qualitative and quantitative, with indications of key trends and views on the future prospects for the market.
Private housing RMI output has been fairly stable in recent years, at around £22bn p.a. between 2017 and 2019. While demand for private housing RMI work fluctuates in line with trends in the overall economy, the peaks and troughs are less severe than for newbuild, as a large proportion of RMI is essential work e.g. fire safety measures. However, in line with the rest of the construction industry private housing RMI was impacted by COVID-19 restrictions in 2020, with contractors’ output falling by 13%, compared to a decline of 21% in newbuild output.
It appears the UK is gradually recovering from the effects of pandemic. Construction output is on track to return to pre-COVID levels although the threat of further waves could bring further disruption to consumer spending, business confidence, investment and funding priorities. For private housing RMI, the most recent data is encouraging. Housebuilding levels are forecast to recover once the UK emerges from COVID-19 restrictions, with growth underpinned by long-term demand for more housing due to population growth and the changing structure of households, with a declining average household size and greater demand for single person dwellings.
Contents Listing
1. INTRODUCTION 9
1.1 SCOPE OF THIS REPORT 9
1.2 SOURCES OF INFORMATION 9
2. SUMMARY 10
2.1 MARKET SIZE AND TRENDS 10
3. UK PRIVATE HOUSING RMI MARKET 13
3.1 MARKET SIZE AND RECENT TRENDS 13
3.2 GENERAL MARKET INFLUENCES (OTHER THAN THE IMPACT OF THE COVID-19 PANDEMIC) 15
3.2.1 Socio-economic factors 15
3.2.2 Trends in private sector housing stock 18
3.2.3 House price movements 22
3.2.4 House sales 24
3.2.5 Householder development planning applications 25
3.2.6 Decline in DIY skills and increase in demand for tradesmen 27
3.2.7 Shortages of on-site trades and professionals 28
3.2.8 Impact of Covid-19 on demand for trades 30
4. PRIVATE HOUSING RMI DEMOGRAPHIC PROFILE 32
4.1 OVERVIEW AND DEFINITIONS 32
4.2 HOUSEHOLD DISPOSABLE INCOME AND RMI EXPENDITURE 32
4.3 RMI SPENDING BY HOUSEHOLD DEMOGRAPHICS 35
5. UK PRIVATE HOUSING RMI BY ACTIVITY 37
5.1 OVERVIEW 37
5.2. MIX BETWEEN DIY AND USING TRADESMEN, CONTRACTORS 37
5.3 MAJOR ALTERATIONS AND IMPROVEMENTS TO DWELLINGS 37
5.3.1 Extensions 37
5.3.2 Loft and basement conversions 39
5.3.3 Central heating installations 41
5.3.4 Replacement windows and doors 42
5.3.5 Loft and external wall insulation 43
5.3.6 Replacement bathrooms and ‘wetroom’ installations 45
5.3.7 Kitchen refit 46
5.3.8 Replacement roofing 47
5.3.9 Other products 48
5.3.10 Conservatories and glazed extensions 50
5.4 LOWER VALUE GENERAL MAINTENANCE AND REPAIRS 50
6. CONTRACTORS 52
6.1 OVERVIEW 52
6.2 PLUMBING, HEATING AND AIR-CONDITIONING SERVICES 52
6.3 ELECTRICAL CONTRACTORS 53
6.4 ROOFING CONTRACTORS 54
6.5 GLAZING FIRMS 55
6.6. GENERAL BUILDERS 56
6.7. KITCHEN FITTERS 56
6.8. INSULATION INSTALLERS 57
APPENDICES 58
APPENDIX A: ECONOMIC ENVIRONMENT 58
A.1 OVERVIEW AND OUTLOOK 58
A.2 GDP 58
A.3 INFLATION & INTEREST RATES 60
A.4 EMPLOYMENT & WAGES 61
A.5 HOUSEHOLD CONSUMPTION 61
A.6 STERLING 62
Tables & Charts
CHART 1: GB PRIVATE HOUSING RMI – CONTRACTORS’ OUTPUT (£BN NON-SEASONALLY ADJUSTED) 2016 – 2020 AND FORECASTS TO 2025 10
CHART 2: GB PRIVATE HOUSING RMI – CONTRACTORS’ OUTPUT (£BN NON-SEASONALLY ADJUSTED) 2016 – 2020 AND FORECASTS TO 2025 13
CHART 3: GB PRIVATE HOUSING RMI – CONTRACTORS’ OUTPUT (£BN NON-SEASONALLY ADJUSTED) JANUARY 2020 TO MARCH 2021 14
CHART 4: GB TOTAL HOUSING RMI-CONTRACTORS’ OUTPUT (£M NON-SEASONALLY ADJUSTED, CURRENT PRICES) BY REGION Q1 2020 TO Q1 2021 15
TABLE 5: POPULATION OF UK AND REGIONS 2009 – 2019 16
TABLE 6: POPULATION FORECASTS FOR UK AND REGIONS 2020-2030 17
TABLE 7: ENGLAND – HOUSEHOLD SIZE ESTIMATES 2018 -2043 17
CHART 8: UK – NUMBER OF PRIVATE SECTOR DWELLINGS 2013-2020 18
TABLE 9: UK – NUMBER OF PRIVATE DWELLINGS 2015-2020 18
CHART 10: ENGLAND – HOUSEBUILDING STARTS AND COMPLETIONS BY PRIVATE ENTERPRISE (000S) 2010-2020 19
CHART 11: SOCIAL HOUSING SALES IN ENGLAND, 2009/10 TO 2019/20 20
TABLE 12: ENGLAND – COMPONENTS OF NET ADDITIONAL HOUSING SUPPLY 2015/16 – 2019/20 21
CHART 13: UK – PRIVATE HOUSING MIX BETWEEN OWNER OCCUPATION AND PRIVATE RENTAL 2013-2020 22
CHART 14: UK AVERAGE HOUSE PRICES 2009-2020 23
TABLE 15: AVERAGE UK HOUSE PRICES (£S) 2020 – 2021 23
CHART 16: GB PROPERTY SALES VOLUMES (000S) 2010-2020 24
TABLE 17: GB PROPERTY SALES (NEW BUILD AND EXISTING PROPERTIES 2010 – 2020 25
TABLE 18: ENGLAND – NUMBER OF HOUSEHOLDER DEVELOPMENTS GRANTED PERMISSION 2010-2020 25
CHART 19: REGIONAL ANALYSIS OF HOUSEHOLDER DEVELOPMENTS GRANTED (NUMBER) 2018, 2019 AND 2020 27
TABLE 20: FEDERATION OF MASTER BUILDERS STATE OF TRADE SURVEY Q4 2020 % OF RESPONDENTS REPORTING SKILLED TRADES IN SHORT SUPPLY 29
CHART 21: UK -MEDIAN AND MEAN REAL EQUIVALISED HOUSEHOLD DISPOSABLE INCOME OF INDIVIDUALS 2010-2020 32
CHART 22: UK -AVERAGE ANNUAL HOUSEHOLD EXPENDITURE ON HOUSING RMI 2014/15 – 2019/20 33
TABLE 23: AVERAGE ANNUAL HOUSEHOLD SPENDING ON HOUSING RMI, UK, 2014/15 – 2019/20 33
TABLE 24: UK – GROSS DISPOSABLE HOUSEHOLD INCOME (GDHI) PER HEAD BY REGION 2013 – 2018 34
CHART 25: UK – AVERAGE ANNUAL HOUSEHOLD EXPENDITURE ON HOUSING RMI BY REGION, 2019/20 34
CHART 26: UK – AVERAGE ANNUAL HOUSEHOLD EXPENDITURE ON HOUSING RMI BY RETIRED/NON-RETIRED 2014/15-2019/20 35
CHART 27: UK AVERAGE ANNUAL HOUSEHOLD EXPENDITURE ON HOUSING RMI BY AGE GROUP 2014/15 – 2019/20 36
CHART 28: UK – AVERAGE ANNUAL HOUSEHOLD EXPENDITURE ON HOUSING RMI BY INCOME GROUP 2014/15 – 2019/20 36
TABLE 29: ENGLAND – PLANNING PERMISSIONS GRANTED FOR HOME EXTENSIONS BY REGION 2019 – 2020 38
CHART 30: ENGLAND – NUMBER OF LARGER HOUSEHOLDER EXTENSIONS APPROVED UNDER PERMITTED DEVELOPMENT RIGHTS 2015 – 2020 39
TABLE 31: ENGLAND – PLANNING PERMISSIONS GRANTED FOR LOFT CONVERSIONS BY REGION 2019 – 2020 40
CHART 32: VALUE OF REPLACEMENT WINDOWS BY SECTOR (DIRECT SELL, LA/HA, INDIRECT PRIVATE) – % BY VALUE 42
CHART 33: UK – THERMAL INSULATION MARKET BY END USE APPLICATION BY AREA INSTALLED 2020 43
CHART 34: TOTAL NUMBERS OF INSULATION MEASURES DELIVERED UNDER ECO BY TYPE (LOFTS, SOLID WALLS, ETC). TOTAL 1,878K INSTALLATIONS 2013 – 2020 44
CHART 35: UK RETROFIT INSULATION MARKET BY APPLICATION BY AREA INSTALLED 2020. INSTALLED VOLUME = ~9.1 MILLION M² 44
TABLE 36: GB POTENTIAL FOR INSULATION MEASURES IN EXISTING PROPERTIES AS OF DECEMBER 2019 45
CHART 37: UK WETROOM MARKET % MIX BY TYPE OF INSTALLATION (NEW BUILD, DOMESTIC REFURBISHMENT, COMMERCIAL) BY NUMBER OF INSTALLATIONS 46
CHART 38: FITTED KITCHEN SALES % MIX BY APPLICATION (NEW BUILD, REPLACEMENT, NEW PURCHASE) BY VALUE 46
CHART 39: UK – DOMESTIC WOOD FLOOR FITTING % BY TYPE OF APPLICATION BY VALUE 2018/19 48
CHART 40: UK MARKET FOR PAINT MIX BY END USE SECTOR (DIY, TRADE DOMESTIC & TRADE COMMERCIAL) BY VALUE 2019 49
CHART 41: UK WALLCOVERINGS % MARKET MIX BY END USE CUSTOMER TYPE BY VALUE 2019 49
TABLE 42: AVERAGE ANNUAL HOUSEHOLD SPENDING ON MAINTENANCE AND REPAIR, UK, 2014/15 – 2019/20 50
TABLE 43: TYPICAL AVERAGE COSTS FOR RESIDENTIAL ELECTRICAL WORKS UK, 2020 51
TABLE 44: PLUMBING, HEAT AND AIR-CONDITIONING ENTERPRISES BY EMPLOYMENT SIZE BANDS, 2020 52
TABLE 45: PLUMBING, HEAT AND AIR-CONDITIONING ENTERPRISES BY TURNOVER SIZE BANDS, 2020 53
TABLE 46: ELECTRICAL CONTRACTING ENTERPRISES BY EMPLOYMENT SIZE BAND, 2020 53
TABLE 47: ELECTRICAL CONTRACTING ENTERPRISES BY TURNOVER SIZE BANDS, 2020 54
TABLE 48: ROOFING ENTERPRISES BY EMPLOYMENT SIZE BAND, 2020 54
TABLE 49: ROOFING ENTERPRISES BY TURNOVER SIZE BAND, 2020 54
TABLE 50: GLAZING AND PAINTING ENTERPRISES BY EMPLOYMENT SIZE BAND, 2020 55
TABLE 51: GLAZING & PAINTING ENTERPRISES BY TURNOVER SIZE BAND, 2020 55
TABLE 52: GENERAL BUILDING ENTERPRISES BY EMPLOYMENT SIZE BAND, 2020 56
TABLE 53: GENERAL BUILDING ENTERPRISES BY TURNOVER SIZE BAND, 2020 56
TABLE 54: JOINERY INSTALLATION ENTERPRISES BY EMPLOYMENT SIZE BAND, 2020 57
TABLE 55: JOINERY ENTERPRISES BY TURNOVER SIZE BAND,2020 57
CHART A1: GVA CHAINED VOLUME MEASURES KEY CONSTITUENT ELEMENTS – 2015-2020 59
CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE – 2008 TO 2023 60
CHART A3: AVERAGE WEEKLY EARNINGS DATA (GB) TOTAL PAY – 2014-2019 (SEASONALLY ADJUSTED) 61
CHART A4: DISPOSABLE INCOME PER CAPITA AND THE SAVINGS RATIO AT CURRENT PRICES – 2008-2023 62
CHART A5: EXCHANGE RATE FLUCTUATIONS – STERLING TO DOLLAR AND THE EURO SPOT RATES – 2015-2019 63
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