This is based on the value of project starts valued below £100m.

Construction activity in the private housing sector has suffered of late, but Glenigan pointed to a backlog of projects held back by the Building Safety Regulator as due to be cleared.

Glenigan has now identified 5,744 developments due to start work this year.

The region with the largest number of these is the South East, with 981 developments due to begin construction this year. London has the second largest number, with 736 projects.

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More could soon be ready to proceed, with the research group also finding over 56,000 private residential home planning applications were submitted last year.

At the same time, Glenigan points to improvements in the affordability situation of home buyers as also improving and acting as a tailwind to development.

“Wage growth has moderated in recent months but continues to outpace inflation,” said Allan Wilén, economics director at Glenigan.

“Inflation and interest rates are both expected to ease over the next twelve months.

“The rise in household incomes and lower borrowing costs is expected to buoy house-buyers’ confidence and market activity during 2026 and 2027.”