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Home Latest News Private sector boosts housebuilding

Private sector boosts housebuilding

Statistics released by the National House-Building Council (NHBC) highlight an overall growth of eight per cent in housebuilding during the months September to October in comparison to the same period in 2013.

The figures were boosted by a stark growth in the private sector, which rose 19 per cent, while the public sector decreased.

In terms of numbers, the three-month period saw 37,222 new homes registered in the UK, up from 34,356. Private housebuilding accounted for 29,812, as the public sector dropped from 9,277 to 7,410.

NHBC chief executive Mike Quinton said: “As we approach the end of the year it is clear that overall registration levels for new homes in 2014 will show an increase on last year’s extremely strong growth. These registration figures are a good lead indicator of the volume of new homes that will be constructed and available for sale in the months ahead.” He added that: “It’s clear that the overall growth from the period - and the year as a whole - has been driven predominantly by the strong surge in registrations for the private sector.”

The NHBC’s figures did however show that numbers were down in November in comparison to the previous year.

A fall of five per cent in the total of affordable homes registered during the month was seen in comparison to the same time last year, with 10,824 in 2014, down from the previous 11,409.

When it comes to the divide between the private and public sector, registrations followed the previous numbers, with private up 10 per cent from 8,010 to 8,764. On the other hand, the public sector dipped to 2,060 from 3,399, marking a massive 40 per cent drop.