Home Construction: US Credit Outpaces UK Despite Supply Shortages

The post-pandemic “race for space” is driving strong demand for housing globally. Higher building material costs have pushed up new house prices in the US by at least 25% in the past year; but over the same period, (highly seasonal) housing starts are up 7.4%.

UK housebuilders are not immune to global shortages of construction materials and skilled workers but – according to some sources – these have been amplified by Brexit [please continue below to access full report].

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    Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.