The latest figures from the NHBC show that new home registrations were up by 9% in 2014 to 145,174 following two years of growth and indications that the industry has geared up for further growth in 2015.

 

The figures show that the final quarter of 2014 was very strong with 17% year-on-year growth, with figures showing that we’re building the highest number of detached homes in over a decade.

 

The growth in detached homes has thought to have come about due to the huge over supply of flats in many areas outside London.

 

The private sector is taking up the slack at the moment in term of new registrations of homes, whilst the public sector has built 4% fewer new homes than in the previous year as a result in the changes in the Affordable Homes Programme in the last year.

 

Following the huge growth in residential construction in 2013, London’s levels of home construction has returned to levels of growth similar to those of the rest of the UK (with a number of regions actually outperforming London’s growth rate).

 

NHBC Chief Executive Mike Quinton said: “We are encouraged to see that overall house-building levels grew by 9% last year – building on the strong volumes registered in 2013. The regions were the big drivers of growth in 2014 showing that the recovery is no longer centred in London and the South East.

 

“Whilst the overall growth last year is to be welcomed, we are still building below the levels seen before the economic downturn and below what this country needs.

 

“With the General Election just three months away, it is therefore very encouraging that housing remains a top priority for all the main parties.”