House building continues to rise

The number of new homes registered in the UK in January increased by 14% compared to the same period in 2013, the National House Building Council (NHBC) has revealed.
The year’s first statistics continue the upward trend seen throughout 2013, which resulted in the highest number of new home registrations since the economic downturn in 2007.

In total 11,489 new homes were registered (8,312 private sector; 3,177 public sector) in January, an increase on the 10,112 last January.

Commenting on the latest statistics, NHBC’s commercial director Richard Tamayo said: “Our figures show that the industry enjoyed a strong start to 2014 by maintaining the momentum from the previous year. Both private and public sectors reported growth on the same month in 2013 and we look forward to hopefully seeing this trend continue throughout the year to help meet the demand for new homes.”

For the rolling quarter November 2013 – January 2014, the number of registrations was 31,482, a 26% increase on the same period last year (24,999). Of these:

· Private sector registrations in November 2013 – January 2014 increased by 23% (22,244), compared with the same period in 2012 (18,061).

· Public sector registrations in November 2013 – January 2014 increased by 33% (9,238) when compared with the same period a year ago (6,938).