Sharp rise in new home registrations

Over 40,000 new residential properties were registered in the UK during the first three months of the year, a rise of 18 per cent compared to the corresponding period last year, the latest figures show. New house building data released by the National House Building Council (NHBC) for the first quarter of this year reveal that in total, 40,281 new homes – 30,691 private sector; 9,590 public sector – were registered. This represents a year-on-year rise of 26 per cent for the private sector, with the public sector falling slightly by just 1 per cent. In March alone, the figures show that 17,210 new homes were registered (13,068; 9,051 private sector; 4,017 public sector), up by almost a third on the corresponding month in 2014. NHBC Chief Executive, Mike Quinton (main pic), said, “Our figures show an encouraging start to 2015 with new housing registrations up 18 per cent on the first quarter of last year. Housing growth levels remain strong across virtually every part of the UK. “However, we have made clear that the UK is still building way below the volumes of homes that we need. NHBC looks forward to working with government to ensure that high quality…

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