The Home Improvement Report 2023 edition - Revision history

Editor at 05:22, 27 June 2023

2023-06-27T05:22:04Z

← Older revision		Revision as of 05:22, 27 June 2023
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	Barbour ABI’s full report [https://www.try-barbour-abi.com/home-improvement-report/?utm_medium=email&utm_source=sharpspring&sslid=szAwszCwMDQyMjY3AAA&sseid=MzI1MzK1tLQ0tgAA&jobid=f4422720-d906-4e37-baf9-0d5c3cb360c2 is available here]		Barbour ABI’s full report [https://www.try-barbour-abi.com/home-improvement-report/?utm_medium=email&utm_source=sharpspring&sslid=szAwszCwMDQyMjY3AAA&sseid=MzI1MzK1tLQ0tgAA&jobid=f4422720-d906-4e37-baf9-0d5c3cb360c2 is available here]
		+
		+	-----
		+	This article was supplied via Press Releae "Home Improvement Report: Homeowners embrace solar panels and insulation as cost-of-living crisis bites" dated June 21.

	--[[User:Barbour_ABI\|Barbour ABI]] 15:21, 21 Jun 2023 (BST)		--[[User:Barbour_ABI\|Barbour ABI]] 15:21, 21 Jun 2023 (BST)

−	[[Category:Publications_/_reports]]	+	= Related articles on Designing Buildings =
		+
		+	* Alteration work.
		+	* Boiler Upgrade Scheme
		+	* Circular Construction in Regenerative Cities (CIRCuIT).
		+	* Comprehensive refurbishment.
		+	* Decoration.
		+	* Energy efficiency retrofit training videos.
		+	* Flexbury Church.
		+	* Home improvement.
		+	* Licence to alter.
		+	* Making good.
		+	* National Refurbishment Centre.
		+	* Point Cloud modeling considerations for M&E in refurbishment projects.
		+	* Pre-demolition and pre-refurbishment audits.
		+	* Refurbishment.
		+	* Remedial works.
		+	* Renovation.
		+	* Renovation v refurbishment v retrofit.
		+	* Restoration.
		+	* Retrofit.
		+	* Upgrade.
		+
		+	[[Category:DCN_Commentary]] [[Category:DCN_Project_Knowledge]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:Publications_/_reports]]

Editor: moved Home Improvement Report: Homeowners embrace solar panels and insulation as cost-of-living crisis bites to The Home Improvement Report 2023 edition

2023-06-21T14:48:21Z

moved Home Improvement Report: Homeowners embrace solar panels and insulation as cost-of-living crisis bites to The Home Improvement Report 2023 edition

← Older revision

Revision as of 14:48, 21 June 2023

Barbour ABI at 14:36, 21 June 2023

2023-06-21T14:36:46Z

← Older revision		Revision as of 14:36, 21 June 2023
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	[[File:Barbour_ABI_Home_improvement_report_2.jpg\|link=File:Barbour_ABI_Home_improvement_report_2.jpg]]		[[File:Barbour_ABI_Home_improvement_report_2.jpg\|link=File:Barbour_ABI_Home_improvement_report_2.jpg]]
		+
		+	-----
		+	== Introduction ==
		+
		+	[https://www.try-barbour-abi.com/home-improvement-report/?utm_medium=email&utm_source=sharpspring&sslid=szAwszCwMDQyMjY3AAA&sseid=MzI1MzK1tLQ0tgAA&jobid=f4422720-d906-4e37-baf9-0d5c3cb360c2 The Home Improvement Report 2023 Edition] is the latest update to Barbour ABI's long-standing report covering major trends in planning applications. It covers
		+
		+	* Impact of economic disruption on the home improvement market
		+	* Changes to market drivers we are seeing and the reasons why
		+	* In-depth regional analysis of what activity is happening and where
		+	* Uncover exactly where the value is being spent
		+
		+	-----
		+	== Key highlights for 2023 ==
		+
		+	* The latest data reveal the exceptional impact on the home improvement market created by an extraordinary series of economic and social disruptions.
		+	* All regions saw a sharp drop in the relative strength of the market from the peak in 2021, which ranged from 26% in the North East to 16% in London.
		+	* While London still has the most overall application approvals, the approval rate is lower than in other regions.
		+	* Applications data highlights the rising trend of energy efficiency. The Building Merchants Index (BMI) shows that renewables and water-saving sales saw the fastest growth in 2022.

	-----		-----
	== Solar Panels and Insulation ==		== Solar Panels and Insulation ==

−	New data shows that homeowners across the country are turning to solar panels and insulation upgrades to combat high energy costs.	+	New data in the Home Improvement Report shows that homeowners across the country are turning to solar panels and insulation upgrades to combat high energy costs.

−	According to the new analysis of planning applications by Barbour ABI, the number of planning applications citing insulation has more than doubled since 2019, and those citing solar panels have risen threefold. Not only is this saving money on heating, but evidence suggests energy efficiency upgrades are now increasing house values, even as the housing market struggles.	+	According to the new analysis of planning applications by Barbour ABI in their latest [https://www.try-barbour-abi.com/home-improvement-report/?utm_medium=email&utm_source=sharpspring&sslid=szAwszCwMDQyMjY3AAA&sseid=MzI1MzK1tLQ0tgAA&jobid=f4422720-d906-4e37-baf9-0d5c3cb360c2 Home Improvement Report], the number of planning applications citing insulation has more than doubled since 2019, and those citing solar panels have risen threefold. Not only is this saving money on heating, but evidence suggests energy efficiency upgrades are now increasing house values, even as the housing market struggles.

	This trend follows the disruption of the pandemic, which had previously led to a surge in home improvement in 2019 and 2020, as homeowners spent savings on improving outside space and reconfiguring internal space to make way for home working.		This trend follows the disruption of the pandemic, which had previously led to a surge in home improvement in 2019 and 2020, as homeowners spent savings on improving outside space and reconfiguring internal space to make way for home working.
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	The Top 5 districts include St Albans, Three Rivers, Elmbridge, South Cambridgeshire and Epping Forest.		The Top 5 districts include St Albans, Three Rivers, Elmbridge, South Cambridgeshire and Epping Forest.

		+	-----
	== Top 25 districts for home improvement ==		== Top 25 districts for home improvement ==

Barbour ABI at 14:28, 21 June 2023

2023-06-21T14:28:26Z

← Older revision		Revision as of 14:28, 21 June 2023
Line 9:		Line 9:

	This trend follows the disruption of the pandemic, which had previously led to a surge in home improvement in 2019 and 2020, as homeowners spent savings on improving outside space and reconfiguring internal space to make way for home working.		This trend follows the disruption of the pandemic, which had previously led to a surge in home improvement in 2019 and 2020, as homeowners spent savings on improving outside space and reconfiguring internal space to make way for home working.
−
−	~~[[File:Barbour ABI Home Improvement solar and insulation chart.jpg]]~~

	Barbour ABI Chief Economist, Tom Hall said:		Barbour ABI Chief Economist, Tom Hall said:

Barbour ABI at 14:27, 21 June 2023

2023-06-21T14:27:31Z

← Older revision		Revision as of 14:27, 21 June 2023
Line 9:		Line 9:

	This trend follows the disruption of the pandemic, which had previously led to a surge in home improvement in 2019 and 2020, as homeowners spent savings on improving outside space and reconfiguring internal space to make way for home working.		This trend follows the disruption of the pandemic, which had previously led to a surge in home improvement in 2019 and 2020, as homeowners spent savings on improving outside space and reconfiguring internal space to make way for home working.
		+
		+	[[File:Barbour ABI Home Improvement solar and insulation chart.jpg]]

	Barbour ABI Chief Economist, Tom Hall said:		Barbour ABI Chief Economist, Tom Hall said:

Barbour ABI at 14:25, 21 June 2023

2023-06-21T14:25:17Z

← Older revision		Revision as of 14:25, 21 June 2023
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	-----		-----
−	== St Albans in the home improvement capital of Great Britain ==	+	== St Albans is the home improvement capital of Great Britain ==

	St Albans in Hertfordshire has topped the league for the most home improvement planning applications in the UK.		St Albans in Hertfordshire has topped the league for the most home improvement planning applications in the UK.
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	== Top 25 districts for home improvement ==		== Top 25 districts for home improvement ==

−	[[File:~~Barbour ABI Top 25 districts for home improvement applications~~.jpg]]	+	[[File:Barbour_ABI_Top_25_districts_for_home_improvement_applications.jpg\|link=File:Barbour_ABI_Top_25_districts_for_home_improvement_applications.jpg]]

	Based on the number of home improvement applications for every 1,000 private homes.		Based on the number of home improvement applications for every 1,000 private homes.
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	== Falloff in home improvement applications ==		== Falloff in home improvement applications ==

−	~~But whilst~~ the sharp rise in the cost of living may have prompted many households in better-off communities to invest, the same pressures are restricting spending in poorer areas. All regions saw a sharp drop of 19% from a peak of planning applications in 2021, but it’s districts in the north of Britain filling out the bottom of the league whilst the Northeast is the hardest hit region, dropping 26%.	+	Whilst the sharp rise in the cost of living may have prompted many households in better-off communities to invest, the same pressures are restricting spending in poorer areas. All regions saw a sharp drop of 19% from a peak of planning applications in 2021, but it’s districts in the north of Britain filling out the bottom of the league whilst the Northeast is the hardest hit region, dropping 26%.

	Hall continued: “There can be little doubt that the home-improvement market will suffer as the economy weakens and the cost-of-living crisis bites deeper into the pockets of households. But counter to this, the case for investment in improvements that reduce the cost of running a home is increasingly making sense for those who still have money to invest in their properties.		Hall continued: “There can be little doubt that the home-improvement market will suffer as the economy weakens and the cost-of-living crisis bites deeper into the pockets of households. But counter to this, the case for investment in improvements that reduce the cost of running a home is increasingly making sense for those who still have money to invest in their properties.

Barbour ABI at 14:24, 21 June 2023

2023-06-21T14:24:17Z

Show changes

Barbour ABI: Created page with "File:Barbour ABI Home improvement report 2.jpg == Solar Panels and Insulation == New data shows that homeowners across the country are turning to solar panels and insulatio..."

2023-06-21T14:21:36Z

Created page with "File:Barbour ABI Home improvement report 2.jpg == Solar Panels and Insulation == New data shows that homeowners across the country are turning to solar panels and insulatio..."

New page

[[File:Barbour ABI Home improvement report 2.jpg]]

== Solar Panels and Insulation ==

New data shows that homeowners across the country are turning to solar panels and insulation upgrades to combat high energy costs.

According to the new analysis of planning applications by Barbour ABI, the number of planning applications citing insulation has more than doubled since 2019, and those citing solar panels have risen threefold. Not only is this saving money on heating, but evidence suggests energy efficiency upgrades are now increasing house values, even as the housing market struggles.

This trend follows the disruption of the pandemic, which had previously led to a surge in home improvement in 2019 and 2020, as homeowners spent savings on improving outside space and reconfiguring internal space to make way for home working.

Barbour ABI Chief Economist, Tom Hall said:

“The latest data reveals the exceptional impact on the home-improvement market created by an extraordinary series of economic and social disruptions. Covid saw home improvement applications boom as people looked to extensions, home office improvements and garden upgrades to improve home working conditions – activity has fallen over the last year but overall numbers remain above the pre-pandemic trend.

“The surge in solar panel installations and the rapid rise in insulation work suggests that the cost savings from reduced energy bills and increasing evidence of an energy efficiency premium is now tempting for better-off homeowners.”

Meanwhile, the pressure on the UK to meet its net zero targets is likely to grow, prompting the use of incentives or regulation to encourage reluctant owners to improve the energy efficiency of their homes, so we expect this trend to continue.”

-----
== St Albans in the home improvement capital of Great Britain ==

St Albans in Hertfordshire has topped the league for the most home improvement planning applications in the UK.

Looking at the hottest spots for home improvement, the Top 25 table shows that districts in London’s commuter belt dominate. The East of England and Southeast regions each fill nine slots on the table, with London taking five. The remaining two places in the top 25 are taken by Uttlesford, near Stansted in Essex, and Cotswold, in Gloucestershire.

The Top 5 districts include St Albans, Three Rivers, Elmbridge, South Cambridgeshire and Epping Forest.

Table 1: Top 25 districts for home improvement

Number of home improvement applications for every 1,000 private homes

District

Region

2022

Growth (%)*

St Albans

EE

38.9

-11

Three Rivers

EE

38.2

-22

Elmbridge

SE

36.1

-10

South Cambridgeshire

EE

35.8

21

Epping Forest

EE

35.3

-8

Welwyn Hatfield

EE

34.9

-16

Richmond upon Thames

LN

33.8

-15

Waverley

SE

33.7

-7

Kingston upon Thames

LN

33.4

3

Kensington and Chelsea

LN

33.3

-1

Sevenoaks

SE

33.3

-12

Uttlesford

EE

33.2

-13

Guildford

SE

32.6

-11

Hertsmere

EE

32.2

-9

Cotswold

SW

31.8

-12

Rutland

EM

31.6

-6

Brentwood

EE

31.1

-19

Windsor and Maidenhead

SE

30.8

-9

Mole Valley

SE

30.7

-8

Redbridge

LN

29.9

-17

Buckinghamshire

SE

29.7

-6

Harrow

LN

29.4

-20

Tunbridge Wells

SE

29.3

-8

Epsom and Ewell

SE

28.9

-20

-----
== Falloff in home improvement applications ==

But whilst the sharp rise in the cost of living may have prompted many households in better-off communities to invest, the same pressures are restricting spending in poorer areas. All regions saw a sharp drop of 19% from a peak of planning applications in 2021, but it’s districts in the north of Britain filling out the bottom of the league whilst the Northeast is the hardest hit region, dropping 26%.

Hall continued: “There can be little doubt that the home-improvement market will suffer as the economy weakens and the cost-of-living crisis bites deeper into the pockets of households. But counter to this, the case for investment in improvements that reduce the cost of running a home is increasingly making sense for those who still have money to invest in their properties.

“However, there is evidence to suggest the benefits will not be felt evenly throughout Great Britain. Less-well-off areas will struggle to fund upgrades of any sort in the current economic climate, leaving them at the mercy of energy markets.”

Barbour ABI’s full report [https://www.try-barbour-abi.com/home-improvement-report/?utm_medium=email&utm_source=sharpspring&sslid=szAwszCwMDQyMjY3AAA&sseid=MzI1MzK1tLQ0tgAA&jobid=f4422720-d906-4e37-baf9-0d5c3cb360c2 is available here]

--[[User:Barbour ABI|Barbour ABI]] 15:21, 21 Jun 2023 (BST)

[[Category:Publications_/_reports]]