UK House-Building Levels Continue To Grow

By Editorial 04 September, 2013

House-building levels in the UK continue to show improvement on recent years, with figures for July 19 percent higher (13,539) than the same month last year (11,391), according to the latest registration statistics from the National House-Building Council (NHBC).

The NHBC stated: "Taking the rolling quarter into account (May-July 2013) the period reveals a 30 percent increase compared to the same period last year (2012; 28,951 compared to 2013; 37,738)."

"Additionally, the private sector reported the highest number of registrations for over five years, with 10,300 new homes registered in July; the highest since February 2008 when 10,465 homes were registered."

NHBC Commercial Director Richard Tamayo said: "July was a bumper month for new home registrations, particularly for the private sector."

"'As we have emphasized over the course of the year, this recovery is from a relatively low base but nevertheless reveals that builders are beginning to meet the growing demand to provide the new homes that the country desperately needs. Looking ahead we hope that the rest of the year continues this long overdue recovery story."

NHBC UK statistics for May-July 2013 show that:

For the rolling quarter May-July 2013 the number of registrations was 37,738, a 30 percent increase on the same period last year (28,951). Of these: Private sector registrations in May-July 2013 increased by 25 percent (27,028), compared with the same period last year (21,574). Public sector registrations in May-July 2013 increased by 45 percent (10,710) when compared with the same period a year ago (7,377).

Tags: Real-estate | United Kingdom | Expats | Investment | Property Investment | Invest | Investment |


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