40,000 new home registrations during Q1 of 2015
The UK had more than 40,000 new home registrations during the first three months of 2015, representing an 18% increase on the previous year.
The figures for new house building has been released by the National House Building Council (NHBC) demonstrate that of the 40,281 new homes, 30,691 were registered by the private sector whilst 9,590 were registered by the public sector.
Homes registered by the private sector have increased by 26% whilst the public sector has decreased by 1%, demonstrating how the construction industry, including those small house building firms can really step up to help grow our way out of the recovery.
NHBC Chief Executive Mike Quinton said: ”Our figures show an encouraging start to 2015 with new housing registrations up 18% on the first quarter of last year. Housing growth levels remain strong across virtually every part of the UK.
“However, we have made clear that the UK is still building way below the volumes of homes that we need. NHBC looks forward to working with government to ensure that high quality new housing is a top priority.”