Energy Matters | Issue 4 | 2020
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Market data
Existing Dwellings Volume of EPC lodgements and residential house sales on a rolling 12 month basis (by quarter).
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Volume of EPC lodgements on a 12 month rolling basis
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Volume of Residential housesales on a 12 month rolling basis
Commentary House sales spiked in March 2016 on the back of changes to stamp duty and then quickly fell back to a run rate of under 1.16 million. Since January 2018 the volume has been relatively constant.
Here at Elmhurst we collect and analyse data from many sources in the belief that it helps us make better business decisions. Turning this data into a digestible form takes time and requires a detailed understanding of context.
The volume of EPCs peaked in the 12 months to May 2014, driven in a large part by ECO. This fell back sharply to a low of 1.2 Million in March 2018. Two years of recovery peaked again in February 2020 with year on year growth of 11% largely due to Minimum Energy Efficiency Standards in the private rental sector. Since March 2020 the volume has dropped by 85% as Government policy dictated that where possible house sales should be paused and assessments undertaken only on empty properties.
In each edition of Energy Matters we will provide you with a snapshot of this data, with a brief commentary, which we hope you find of interest, and maybe help you prepare for the future.
Outlook
Covid-19 has obviously had a major impact on the construction, housing and energy assessment markets since March 2020. Due to the lag in published statistics these graphs are notor are only slightly, impacted by this current crisis.
Covid-19 has impacted everybody and made long term planning very difficult, however: n
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Construction and housing were the last to be “locked down” and this may be because Government perceive them as relatively low risk and their financial importance to the country. Hopefully that means they will be amongst the first to recover. There is a pent-up demand for EPCs and house sales that were paused.
