This is the latest version of this eprint.
Payne, S. (2015) Exploring the Impact of the Recession on British Volume Housebuilders: A Behavioural Analysis. Built Environment, 41 (2). 271 - 288. ISSN 0263-7960
Abstract
The 2008/2009 recession had a pronounced impact on the financial performance, stability and output of Britain's volume housebuilders, leading to a historic decline in new housing supply. Whereas current policy ambitions signal the need for a substantial increase in speculative housing provision, little is known about how the recession affected the attitudes and motivations of Britain's volume housebuilders or what such behavioural legacies might mean for post-recession housing delivery. Indeed, whilst the British economy and housing market are showing positive signs of recovery and growth, speculative housebuilding completions remain well below policy ambitions. It is therefore unclear whether Britain's volume housebuilders, in light of their recessionary experiences, have the capacity to deliver such a step change in housing supply. In addressing this gap in knowledge, this paper examines the recessionary attitudes and motivations of Britain's biggest housebuilders and, in doing so, outlines a number of key challenges that may confront policy-makers and the housebuilders themselves in their attempts to meet the housing needs of a post-recession Britain.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © 2015 Alexandrine Press. This is an author-produced version of a paper accepted for publication in Built Environment. Uploaded in accordance with the publisher's self-archiving policy |
Dates: |
|
Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Urban Studies & Planning (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 17 Aug 2015 14:45 |
Last Modified: | 16 Nov 2016 09:11 |
Published Version: | http://www.ingentaconnect.com/content/alex/benv/20... |
Status: | Published |
Publisher: | Alexandrine Press |
Refereed: | Yes |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:88901 |
Available Versions of this Item
-
Exploring the Impact of the Recession on British Volume Housebuilders: A Behavioural Analysis. (deposited 30 Jun 2015 10:52)
- Exploring the Impact of the Recession on British Volume Housebuilders: A Behavioural Analysis. (deposited 17 Aug 2015 14:45) [Currently Displayed]