While there is little sign of the market cooling anytime soon, there was, however, a significant drop (32%) in average order values from around the £6,400 mark to £4,400. This may be attributable to seasonality, with more single product purchases e.g., bi-folding and entrance doors, flowing through the sales pipeline.
We do, however, think that it’s something to watch and may suggest that the spend generated by the first round of Stamp Duty completions at the end of March may have flowed through the sales pipeline. That doesn’t necessarily mean the boom is running out of steam, with a second stampede seen last month ahead of changes to the relief at the start of this month. This sees the previous break on the first £500,000 of a home purchase, which has driven the housing boom, drop to £250,000, ahead of being phased out entirely from the 1st of October.