New figures show UK housebuilding growth
A new report from the National House Building Council reveals that the number of new homes registered in the UK has risen by seven per cent in the past 12 months. In total, 33,816 new homes were registered in the UK during the first three months of 2014, compared with 31,739 for the corresponding period the previous year. Following a record 2013, with the highest new house-building volumes in London for a generation, first-quarter 2014 London registrations also grew six per cent on the comparable period last year. Birmingham, Manchester and Bristol were the top three cities with the highest number of new home registrations outside of the capital.
Discussing the findings, Mike Quinton, the chief executive of the National House Building Council, commented: ‘Our new figures show further sustained growth and consolidation in the UK house-building industry following a strong year last year. Over the past 15 months, we have seen a genuine return of confidence to the industry as builders strive to meet the growing demand for new homes that the country clearly needs.’ However, he noted the UK still has a chronic shortage of new homes and said that there should be no room for complacency in efforts to meet the growing housing needs of the population…
Click on the link below to read the rest of the IBB Solicitors briefing.
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