Barbour ABI have published the latest update to their long-standing Home Improvement Report which covers the major trends in planning applications.
The 2023 edition looks at the impact of economic disruption on the home improvement market, and the changes to market drivers we are seeing and the reasons why. It also provides an in-depth regional analysis of what activity is happening and where to uncover exactly where the money is being spent.
Key highlights for 2023:
- The latest data reveal the exceptional impact on the home improvement market created by an extraordinary series of economic and social disruptions.
- All regions saw a sharp drop in the relative strength of the market from the peak in 2021, which ranged from 26% in the North East to 16% in London.
- While London still has the most overall application approvals, the approval rate is lower than in other regions.
- Applications data highlights the rising trend of energy efficiency. The Building Merchants Index (BMI) shows that renewables and water-saving sales saw the fastest growth in 2022.
Access the full report here.
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