30th of Oct 2014
UK new home registrations have hit a seven year high with the private sector continuing to lead growth, according to the latest NHBC statistics published in October.
The total number of registrations for Q3 2014 – 36,343 – was an 8% increase on Q3 2013, up from the 3% annual rise seen in Q2. These figures represented the strongest third quarter since 2007, and the highest number of registrations seen this year, NHBC said.
Private sector registrations rose 14% to 28,468, whilst public sector registrations continued their downward trend, dropping 8% to 7,875 against the same period a year ago. But this trend for the public sector was likely to soon reverse, NHBC said, as the next phase of the government’s Affordable Housing Programme had recently been allocated.
“Our figures show that the sharp housing upturn we have seen over the last couple of years is a genuine broad based recovery across the whole of the country, with pockets of strong growth in the North East, Yorkshire & Humberside and West Midlands.”
“But numbers are still from a low base and are nowhere near where they should be,” he added. That all main political parties viewed housing as an ongoing crucial issue, “reinforces the fact that the country urgently needs more high quality and affordable new homes,” he said.
Stewart Baseley, Executive Chairman of the Home Builders Federation, added:
“Help to Buy has increased the demand for new homes and builders are responding. The industry has increased its output at the quickest rate for 40 years and is looking to continue ratcheting up supply still further. “The industry is developing its supply chains and recruiting thousands of employees across the country from apprentices to experienced workers.
Simon England CEO of England Associates agreed with these comments:
We have witnessed a huge change in demand over the last 5 years and the skills shortage is much more evident now than in the last boom time in 2006-2008. Operational, commercial and technical skills are currently in high demand. The industry needs to be more creative to attract and keep the right skills. For example England Associates is currently developing an Eastern European network to attract quality tradesmen into the house building industry.”
The house building industry is giving the economy a huge boost whilst delivering more of the high quality homes the country needs.”