According to the latest figures from NHBC (National House Building Council) published in the Timber Trade Journal (TTJ), 13,527 new homes were registered to be built in Great Britain in April, 9,972 of which in the private sector (+74% compared to last year) and 3,555 in the affordable and rental sector.
Seven of the 12 UK regions saw an increase. London ranks first with 5,475 registered new homes and thus a growth of 61% compared to 2018, thereby confirming the upward trend of the past two years. Growth is driven mostly by the private rental sector and an increasing number of larger development projects, and to a certain extent also by the cold weather in Spring 2018.
In the months of February to April, the number of registered new homes rose by 7% compared to the same period of 2018, to a total of 38,496. 27,881 construction permits (+4%) were issued in the private sector and 10,615 in the affordable and rental sector (+14%).
“To date, there is little evidence that Brexit uncertainties are denting developer confidence”, says NHBC Chief Executive Steve Wood with regard to the new figures.
