the smarter way to buy a new home

FIND A NEW HOME
  
Location / Postcode:
Property type:
Search Type:
Radius:
  Unit:
Price from (£):
Price to (£):
Min bedrooms:
  Max bedrooms:
View by Developers:
Tagged with:

Number of new homes soars by 85%

RSS Icon
Search:  
 Related News
 New show homes a double delight for first time buyers and families
Two contrasting new show homes are set to open their doors at Gelli Dawel in Merthyr Tydfil, designed to inspire younger buyers and families.
 Latest Bristol homes showcase the way that people really want to live
On the day one of the UK’s biggest lenders Nationwide said house prices had climbed more than 10% over the last year, house builder Redrow brought more cheer to the housing market in Bristol.
 Bank of England sees home loan slowdown
Net home loan lending rose £300 million in March, a marked slowdown on February’s increase of £1.8 billion, the Bank of England has said today (May 4).
 New homes remain affordable as prices fall
House prices fell by 0.6 per cent last month, according to new figures.
 When good neighbours?become good indicators of property prices
People in the UK will pay up to £3,100 more for their new homes in order to have 'good neighbours'.
 See three times the style by visiting new showhomes at The Bridge
A trio of stunning show properties is opening this Saturday 8th May at Taylor Wimpey’s The Bridge in Dartford, Kent – the groundbreaking community development at the heart of the Thames Gateway.
 Tag Cloud
Property News Taylor Wimpey Daily Property Headlines McCarthy & Stone Press Releases McCarthy & Stone Retirement Barratt Homes Redrow Redrow Homes McCarthy and Stone Kent Housebuilder George Wimpey Essex Press Release HomeBuy Direct Bryant Homes David Wilson Homes Milton Keynes Telford Coventry Colchester Northamptonshire Leighton Buzzard Norfolk Bedfordshire Cambridgeshire Exeter London Derbyshire New Heritage Collection Nottinghamshire Shropshire Manchester New Homes Market Newport Plymouth Property Articles Basingstoke Leicestershire East Sussex Staffordshire Bristol David Wilson Dartford Heath Meadows Rushall Scotland Stamp Duty West Sussex

The number of new homes being built soared by 85% in March as the housebuilding industry continued to recover, figures have shown.

Registrations for new homes totalled 11,018 during the month, up from 5,954 in March 2009, according to the National House-Building Council (NHBC).

There was also a 72% jump in the number of new properties registered during the first quarter of 2010, compared with a year earlier, at 27,974.

The group said the recovery was being driven by the UK's two largest regions, with registrations in the West Midlands 153% higher during the three months to the end of March, compared with the same period of 2009, while in London they were 138% higher.

Imtiaz Farookhi, chief executive of the NHBC, said: "The data for the first quarter of 2010 shows compelling evidence of a continued recovery, albeit from an exceptionally weak comparative period.

"It will be easier to gain a clearer view of how the recovery will develop following the election, when we should have a better idea of the direction of the economic environment.

"While registrations are still significantly lower than before the recession hit, these latest figures are certainly a step in the right direction."

There was an increase in the level of new properties being built by both the public and the private sector during the first quarter of the year.

Private sector housing starts rose by 114% during the three months, compared with the same period of 2009, to 18,412, while public sector ones rose by 26% to 9,562.

Housebuilders have endured a difficult time during the past couple of years due to the combination of the credit crunch and falling house prices.

Source: The Press Association

See Also:   (0), (0)

Date Published: 04 May 2010

Bookmark and ShareShare this Content
Find us on Facebook
Copyright © Trinity Mirror Digital Property   Client Search Places About Us Press FAQs Privacy T&C's Site Map Home