NHBC recently reported a “stable first half of the year for new home registrations” but indicated that there was still some way to go as far as the housing market is concerned.
Statistics for January to June show that:
– Registrations in the private sector were up 6 per cent
– Registrations in the public sector were up 15 per cent
To read the full story or to see a regional breakdown of new homes registered visit the NHBC website
Commenting on the figures Steve Lees, Director at SmartNewHomes says:
“The latest NHBC data paints a more positive picture of the new homes market. An 11% increase in new home registrations in Q2, compared to the same period last year, is certainly encouraging. As we approach the quieter summer period we are optimistic that the wide range of developer deals and incentives, as well as the government’s newly launched FirstBuy scheme, will help sustain industry activity.
However, there is still a vast gap between the number of new homes being built and the number needed to make up the massive shortfall between supply and demand in the UK, and until mortgage finance and the supply of land for development improves, the situation is unlikely to improve drastically."
Today’s Conveyancer, bringing you the latest conveyancing news and updates.