House-building recovery continues

The National House-Building Council’s latest registration statistics suggest the UK house-building industry continues its recovery.

New figures reveal that 2013 has witnessed the highest half-yearly total of new homes registered since 2008.

A total of 67,422 new homes were registered between January 2013 and the end of June, with figures for Q2 2013 revealing a 38 per cent increase in registrations for the period April – June compared to the same period last year (35,683 in 2013 compared to 25,798 in 2012).

NHBC Commercial Director Richard Tamayo said: “Our latest registration statistics show an encouraging broad-based recovery. While London remains an engine for growth we are seeing overall numbers up across the UK with both the private sector (up 23 per cent to 48,817 in Jan–June 2013 compared to 2012 figure of 39,836) and the public sector (up 56 per cent; 18,605 compared to the same half-yearly period in 2012; 11,960) contributing fully to this growth.

“The Chancellor’s announcement in relation to mortgage guarantee guidance to help boost housing supply shows that the UK government is maintaining its commitment to help the industry and those looking to buy a new home.

“After a pause in June while builders focussed on completions for their full and half years, July registrations are showing clear indications that builders are returning to the challenge of ramping up production and increasing volumes from this current low base.”