NHBC sees 'genuine return of confidence' to building sector
Published by Brian Church for 24dash.com in Housing
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NHBC figures show the rest of the UK is now following London with stronger growth in the housebuilding industry for the start of 2014.
In total, 33,816 new homes were registered in the UK during Q1 2014, compared to 31,739 for the corresponding period a year ago – an increase of 7%. Private sector registrations in January-March 2014 increased by 3% (24,414), while public sector registrations in the same quarter shot up by 16% (9,402).
Following a record 2013, with the highest new housebuilding volumes in London for a generation, Q1 2014 London registrations also grew 6% on the comparative period last year, NHBC says.
NHBC chief executive Mike Quinton said: "Our new figures show further sustained growth and consolidation in the UK housebuilding 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, we have been clear that this growth is from a historically low base. The UK still has a chronic shortage of new homes so we must not get complacent in our continued attempts to meet the growing housing needs of the population."
NHBC, the leading warranty and insurance provider for new homes in the UK, said outside of London the top 10 cities with the highest number of new home registrations in 2013 are:
- Birmingham 3,406
- Manchester 2,625
- Bristol 1,570
- Newcastle 1,496
- Liverpool 1,494
- Sheffield 1,169
- Leeds 990
- Nottingham 700
- Glasgow 618
- Bradford 560