Over the past ten years the amount of new houses that have been built has risen at its fastest past. This is partly due to the increased need for further homes due to the growing population of the UK along with many investors buying land during the recession and building new properties on them. The increase in house building has seen employment levels raise considerably, which is great.
Although this growth has seen a massive rise in the levels of employment in this sector, it has also seen a rise in the cost of construction as many suppliers have massively increased their prices of materials. There is some careful consideration that needs to take place, as if building houses just becomes too costly for most of us, then we will see a decline in the housing market again which will in turn affect levels of employment. This is something none of us want to see, but hopefully over time the costs vs. the benefits will even out.