Prime Minister Andy Burnham’s plans to introduce a new scheme to help first-time buyers get on the property ladder in England brings a much-needed boost to independent builders’ merchants, according to National Buying Group (NBG).
Mark Hughes, NBG’s Managing Director believes the building materials sector has been hampered by a lack of incentive for housebuilders since the government’s Help to Buy scheme closed in 2023.
Mark commented: “Making it easier for first-time buyers to get on the property ladder is an integral part of stimulating housebuilding so it’s pleasing to see the government rolling out a scheme that will get the market moving again. Your First Home represents the first tangible support new buyers have received from the government in years, and we’re already seeing a boost in the building materials sector as a consequence, with a number of building material Suppliers reporting a jump in share price.”
Housing affordability has been a significant challenge for prospective buyers, a demographic intrinsically linked to demand for the construction of new homes.
Mark continued: “This new scheme will help the housebuilding sector to grow and will hopefully stabilise some of the inconsistency felt by Suppliers that has become the norm in the last several years.”
“Our network of independent merchant Partners will be working closely with our Suppliers to ensure all parties are well-placed to capitalise on every opportunity a revitalised housebuilding sector creates.”
To find out more about National Buying Group, please visit https://www.nationalbuyinggroup.com/
