Increase in new homes being built

According to Data from the National House Building Council  43,987 new properties were registered in the UK between March and May, a 15 per cent increase on the same time last year, this is a significant rise over the figures from last year.

The NHBC data appears to support Markit/CIPS figures on the construction sector out earlier this month, as well as strong mortgage approval data from the British Bankers’ Association out this week, the Markit/CIPS UK Construction Purchasing Managers’ Index rebounded to 55.9 in May from a 22-month low of 54.2 in April – with a reading of 50 separating growth from contraction.

According to the NHBC,  figures also demonstrate encouraging signs of a revival in the public and affordable housing sector, with an 8 per cent increase in new home registrations in May compared to a year ago, optimism among British construction firms hit a nine-year high in May.

Commenting on the latest statistics NHBC chief executive Mike Quinton reportedly said; ‘So far in 2015 we have seen new home registrations remain consistently ahead of 2014 levels, which is clearly encouraging news for the industry.

‘There have also been signs that the public and affordable sector is continuing to improve while the uncertainty predicted by some around the period of the General Election failed to materialise, with steady growth a constant feature throughout the year to date.’

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Larry Ellison’s estate is the third largest oceanfront parcel in Palm Beach County

America’s #1 buyer of expensive homes, Larry Ellison, is selling a mansion from his Florida collection, and it’s a big one. Larry’s Seminole Beach estate, in an exclusive part of North Palm Beach with over 520 feet of ocean frontage is listed at $145 million. The Tuscan-style mansion was built in 1998 on 8.5 acres…
Read More
Breaking News

BREAKING PROPERTY NEWS – 18/08/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   US Proptech News: PropTech Unicorn PLACE expands in 19 states with 37 new teams PLACE, the industry’s only brokerage-agnostic technology and business services platform for top real estate professionals, today reported strong mid-year growth, launching 37 teams and expanding the PLACE footprint to 35…
Read More
Home and Living

Should you buy a house with Japanese knotweed?

According to recent news, the hot weather has been a positive boon for one common and highly invasive plant in the UK, namely the Japanese knotweed. The Express has reported over the last few weeks that this perennial is taking over a park in Worcester and locals are worried it’s likely to have a big…
Read More
Breaking News

BREAKING PROPERTY NEWS – 17/08/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   NAPB: Planning Applications Fall in England, Latest Official Figures Show PRESS RELEASE: The number of planning applications received by councils in England fell almost 12% in the first quarter of this year compared with the same period in the previous year, new figures show. Data…
Read More
Estate Agent Talk

How to Build an Impressive Real Estate Portfolio

Even if the concept of building your own investments resume sounds pretty foreign at first, it doesn’t matter if you’ve been in the business for years now or you’re only just starting out. Portfolios aren’t only for the big players, and, with the right knowledge and careful planning, virtually any investor can handle the challenge…
Read More
Estate Agent Talk

The Surprising Benefits Of Solar Powered Roller Garage Door

Technology is constantly changing and moving forward, and one of the most recent innovations in garage door technology has been the use of solar powered roller garage doors. Instead of being connected to the electricity grid, a solar powered roller garage door collects energy from solar panels and uses the energy from the sun to…
Read More