Prolific Cowboy Builder Continues Cons Despite Criminal Past
The construction industry faces significant challenges related to the presence of unregulated builders, often referred to as “cowboy builders.” These builders contribute to a lack of consumer confidence, driving homeowners to hesitate in making necessary renovations and repairs.
Impact of Cowboy Builders on the Economy
The Federation of Master Builders (FMB) has reported alarming statistics regarding financial losses due to unregulated builders. They estimate that the inactivity in the housing market has cost the economy nearly £10 billion. Additionally, the public is estimated to have lost approximately £14.3 billion to cowboy builders.
Survey Findings on Homeowner Losses
A recent survey conducted by the FMB revealed that around 15% of respondents experienced average losses of £1,759 due to cowboy builders. This statistic highlights a significant issue within the industry, emphasizing the need for regulation.
Debate on Licensing Builders
While some industry experts advocate for strict licensing to protect homeowners, organizations like the National Federation of Builders argue against it. They believe that implementing licensing could raise costs for builders and may drive some out of the industry.
Government Stance on Construction Standards
A government spokesperson acknowledged the ongoing review of construction standards and emphasized the need for any actions taken to be robust and evidence-based. The focus remains on improving the standards within the sector while balancing the needs of builders.
Key Statistics
- £10 billion in inactivity in the economy due to lack of confidence.
- £14.3 billion lost to cowboy builders by the public.
- Average loss of £1,759 reported by 15% of survey respondents.
The issue of cowboy builders is not just about financial loss; it affects the entire construction industry. Without regulation, homeowners continue to take risks, while reputable builders face an uphill battle for consumer trust.
