18 per cent boost in new homes planned
House builders have reported an 18 per cent jump in the number of homes planned for construction this year
The National House-Building Council (NHBC) said the number of new home registrations for all sectors rose 5 per cent in the first month of the year to 7,788.
The increase signalled an 18 per cent year-on-year jump – according to the survey. The level of public-sector homes in the planning process however fell 16 per cent.
The number of homes built in 2010 fell to the lowest level since 1923, excluding times when Britain was at war, so the increase in registrations is a positive step.
NHBC chief executive Imtiaz Farookhi said: ‘2011 has got off to a promising start despite the uncertainty that is affecting much of the economy. However, it is important to bear in mind that home registrations for 2010 overall were lower than we might have hoped and completions were low as well.
‘This month’s figures do offer some consolation that, despite the raft of conflicting economic data that appeared in January, housebuilders’ attitude to new development was robust and they remain committed to recovery.’