Will Lack of Tradesmen Affect UK New Home Market Sector?

November 27, 2015
Will Lack of Tradesmen Affect UK New Home Market Sector? August 21, 2018 Lennox Hamilton

tradesmenOne of the largest house building programmes for the last 40 years is about to start in the UK, with a huge 400,000 new homes being required in the next year, and that should raise an interest in all Binary Options traders.

With a huge £6.9billion being set aside by the Government alone to help companies start building those homes, companies that are supplying the raw materials needed to build those homes and house building companies are seeing some quite large increases in their share values.

However, it has just been revealed that whilst the finances have been set aside for this new house building programme has been secured, there is one thing that might cause a setback in that programme and that is a shortage of tradesmen.

Whilst unemployment rates in the UK have been falling throughout 2015, one of the problems the UK does have is not having enough carpenters, brick layers and other tradesmen required for such a large house building programme.

In fact is has been revealed by a company called Randstad who specialise in acquiring skilled tradesmen that for that house building programme to meet its target of 400,000 homes the UK will have to source around 27,000 bricklayers, 14,000 roofers and an additional 89,000 plumbers plus around 100,000 carpenters.

This is something you will need to keep an eye on if you are thinking of placing Binary Options trades on companies likely to see an increase in their share values based on this new house building programme.

With that in mind you may be best off placing trades on some of the larger companies who already have the required staff employed to start building a glut of new homes, as some of the smaller companies who will be required to source staff may find it hard to do so.

You will always be able to place Binary Options trades on any market sector you like when signed up to any UK Broker, however as Government funding is now in place and ready to use, this is likely to be one market sector that will be successful in the years ahead.

Just pick and choose the companies that you place your trades on wisely as some companies are simply not going to be able to find the staff required to build the required number of new homes needed.

About the Author

Lennox Hamilton

Lennox Hamilton Contributor


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