Housing Market Revival May Boost Tool Hire Vacancies

Tool hire vacancies could get a boost from efforts to inject new life into the housing market, as any rise in homeowner demand is likely to be accompanied by an increase in demand for new homes to be built.

According to shadow housing minister Jack Dromey, a Labour government would significantly increase the output of the homebuilding sector, involving a greater number of small to medium-sized businesses in construction programmes.

His comments came at an event hosted jointly by the Federation of Master Builders and National Federation of Builders – but NFB chief executive Julia Evans says such an increase in output will require an increase of input in terms of labour – with a lower-case ‘L’.

“We need to free up house builders to build in the way we are freeing up house buyers to buy,” she says.

“Not all local communities are against new developments for future generations, but they would prefer smaller, more personal clusters that SMEs are best placed to provide, rather than huge developments.”

She argues that smaller construction firms must be retained within the industry, rather than being forced out by their larger competitors.

And supporting smaller firms could have positive effects on tool hire vacancies, as some items of equipment are likely to be rented, rather than bought, by small businesses keen to keep a cap on their capital expenditure.