{"id":8430,"date":"2021-02-24T00:00:00","date_gmt":"2021-02-23T13:00:00","guid":{"rendered":"https:\/\/bxglobal.wpengine.com\/uk\/uncategorized\/new-report-finds-overall-demand-for-small-builders-remains-high\/"},"modified":"2023-02-16T09:47:14","modified_gmt":"2023-02-16T08:47:14","slug":"new-report-finds-overall-demand-for-small-builders-remains-high","status":"publish","type":"post","link":"https:\/\/www.buildxact.com\/uk\/news\/new-report-finds-overall-demand-for-small-builders-remains-high\/","title":{"rendered":"New report finds overall demand for small builders remains high"},"content":{"rendered":"<p><b><span data-contrast=\"auto\">Melbourne, Australia<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Residential builders and trades across Australia continue to stay in high demand<\/span><span data-contrast=\"auto\">, according to data from residential construction management software\u00a0<\/span><span data-contrast=\"auto\">Buildxact<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Buildxact&#8217;s<\/span><span data-contrast=\"auto\">\u00a0<\/span><a href=\"https:\/\/www.buildxact.com\/uk\/wp-content\/uploads\/sites\/15\/2022\/04\/Buildxact-Q4-Report_2020.pdf\"><span data-contrast=\"auto\">Residential Construction Activity Report (October \u2013 December 2020)<\/span><\/a><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">found that nationally<\/span><span data-contrast=\"auto\">\u00a0the<\/span><span data-contrast=\"auto\">\u00a0industry finished the year in an extremely strong position with 2020 representing significant overall growth in the average demand for estimates from builders for the second consecutive year.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Even\u00a0<\/span><span data-contrast=\"auto\">through\u00a0<\/span><span data-contrast=\"auto\">COVID-19<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\">\u00a0confidence is high among home buyers and renovators<\/span><span data-contrast=\"auto\">, w<\/span><span data-contrast=\"auto\">ith low interest rates, personal savings at an all-time high and a range of government incentives<\/span><span data-contrast=\"auto\">\u00a0like\u00a0<\/span><span data-contrast=\"auto\">HomeBuilder<\/span><span data-contrast=\"auto\">\u00a0grant<\/span><span data-contrast=\"auto\">\u00a0helping to drive this trend.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">David Murray,\u00a0<\/span><span data-contrast=\"auto\">Buildxact<\/span><span data-contrast=\"auto\"> CEO commented, <\/span><span data-contrast=\"auto\">\u201c<\/span><span data-contrast=\"auto\">This\u00a0<\/span><span data-contrast=\"auto\">increased demand by home builders and renovators, has\u00a0<\/span><span data-contrast=\"auto\">placed\u00a0<\/span><span data-contrast=\"auto\">signif<\/span><span data-contrast=\"auto\">i<\/span><span data-contrast=\"auto\">cant deman<\/span><span data-contrast=\"auto\">d<\/span><span data-contrast=\"auto\">\u00a0on the supply of materials, impacting the component price.\u00a0<\/span><span data-contrast=\"auto\">Rather than absorb this cost in the margin of the jobs, the Builders are maintaining their margin levels and passing the increased material costs onto the customer.\u00a0<\/span><span data-contrast=\"auto\">In\u00a0<\/span><span data-contrast=\"auto\">Buildxact\u2019s<\/span><span data-contrast=\"auto\">\u00a0view, this is due to the fact there is such a large volume of working being quoted and\u00a0<\/span><span data-contrast=\"auto\">deliver<\/span><span data-contrast=\"auto\">e<\/span><span data-contrast=\"auto\">d<\/span><span data-contrast=\"auto\">\u201d.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">After an extremely busy first half of the year, Western Australia continued to record the nation\u2019s strongest growth in demand for estimates, becoming the only key state<\/span><span data-contrast=\"auto\">*<\/span><span data-contrast=\"auto\">\u00a0to see a significant increase in the average number of estimates per builder through Q4.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In Queensland, 2020 was a strong overall year for new builds, with average number of December estimates per builder increasing 41% on 2019 levels.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">While the full impact of Victoria\u2019s prolonged COVID-19 lockdown restrictions is ongoing, demand for new builds remains high across the state. The average volume of estimates per contractor for all job types combined in Q4 was up 5% on Q4 2019.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Murray went on to say, \u201cR<\/span><span data-contrast=\"auto\">esidential custom home building and\u00a0<\/span><span data-contrast=\"auto\">renovations<\/span><span data-contrast=\"auto\">\u00a0has proved mostly\u00a0<\/span><span data-contrast=\"auto\">resilient<\/span><span data-contrast=\"auto\">\u00a0through the pandemic. Strong quote volume in Q4 2020, coupled with an improving econom<\/span><span data-contrast=\"auto\">y should see this continue. Snap lockdowns, such as the one in Victoria that closed Construction, will have an impact on consumer confidence<\/span><span data-contrast=\"auto\">\u00a0if they occur regularly<\/span><span data-contrast=\"auto\">. <span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">In addition,<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">\u00a0<\/span><\/span><span class=\"TextRun Highlight Underlined BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun BCX0 SCXW154454799\" data-ccp-charstyle=\"Hyperlink\">increased sales<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">\u00a0have impacted<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">\u00a0<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">supply<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">\u00a0<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">constraints<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">\u00a0<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">which\u00a0<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">may also provide some headwinds in housing construction.<\/span><\/span><span class=\"TextRun Highlight BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">\u201d<\/span><\/span><span class=\"TextRun BCX0 SCXW154454799\" lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW154454799\">\u00a0<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.buildxact.com\/uk\/wp-content\/uploads\/sites\/15\/2022\/04\/Buildxact-Q4-Report_2020.pdf\">Read the full report here<\/a><\/p>\n<p><i><span data-contrast=\"auto\">*For the purposes of this report, key\u00a0<\/span><\/i><i><span data-contrast=\"auto\">states<\/span><\/i><i><span data-contrast=\"auto\">\u00a0include Victoria, NSW, Western Australia and Queensland<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">END<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">For more information<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Brittany Mauran<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Marketing Communications Manager<\/span><span data-contrast=\"auto\">,\u00a0Buildxact<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"mailto:Brittanym@buildxact.com\"><span data-contrast=\"none\">Brittanym@buildxact.com<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">0427 014 959<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Residential builders and trades across Australia continue to stay in high demand, according to data from residential construction management software\u00a0Buildxact.\u00a0<\/p>\n<div style=\"display:none;\" class=\"postcatlist\"><a href='https:\/\/www.buildxact.com\/uk\/tag\/industry-insights\/'><span>Industry insights<\/span><\/a><\/div>\n","protected":false},"author":3,"featured_media":8224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[139],"contributing_author":[],"class_list":["post-8430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-industry-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New report finds overall demand for small builders remains high<\/title>\n<meta name=\"description\" content=\"Read the Buildxact\u2019s Residential Construction Activity Report (Oct-Dec 20) summary on how the industry saw significant growth in 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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