A separate survey, also from Lloyds, shows housebuilders are also increasingly optimistic about levels of growth and investment.

Despite uncertainty facing the construction sector and the skills shortage, builders have increased their five-year growth forecasts from 25pc last year, to 28pc this year.

More than a third of those polled said that said that the uncertainty that had hit the sector as a result of the referendum was the main challenge facing them. Others cited the skills shortage, the planning system, and the rising cost of raw materials.

Despite this uncertainty, 42pc of those surveyed said their growth forecasts have improved since the vote, and 27pc said they had declined.

While they were optimistic about growth forecasts, 22pc of those surveyed said that they don’t think the sector has the resources to help the Government achieve its target to build one million new homes by 2020. 30pc of companies said that there are nor enough skilled workers in the industry, adding that bricklayers, electricians, plumbers and joiners were the hardest professions to employ. This number is down from 35pc last year.

The survey was conducted of 100 firms in the house building supply chain, 22 of which have an annual turnover of over £750m.

Stewart Baseley, from the Home Builders Federation, said: “The industry is pushing the skills agenda hard. If we are to build more high quality homes we simply have to increase industry capacity. We are looking at how we build our individual sites more quickly; and the measures Government could introduce to allow SME builders to play their part in delivering more homes.”

 



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