House building figures defy bad weather
Longley Concrete were recently delighted to hear that despite the bad weather the country experienced over the first three months of the year, the National House Building Council’s (NHBC) registration figures for the 2017/18 financial period were the second highest for a decade.
Up until the end of this March, 154,698 new UK homes were registered to be built, with 116,451 of these being for the private sector and the remaining 38,247 for the affordable sector.
To add to that, six regions benefited from growth over the course of the 12 months. The most significant of these came in the North West, which was up by a huge 21% to 18,272. Elsewhere, the East Midlands rose by 12% to 14,314 and Wales by 11% to 5,384.
Discussing the statistics, Steve Wood, Chief Executive of NHBC, said that the first three quarters of the year were very strong, but conceded that large parts of the UK were heavily affected by the ‘Beast from the East’ in the fourth. Anecdotal reports have in fact claimed that some builders lost as much as 30 days because of the conditions. This makes the figures outlined at the start of this article all the more impressive.
Closing their statement, the NHBC assure that long-term trends demonstrate sustained growth in new home registrations, and as a result, industry confidence remains strong among house builders in both the private and affordable sectors.
In supplying a wide range of precast concrete to the building materials sector, Longley Concrete feel extremely positive about the rest of 2018 and look forward to monitoring and keeping up to date with the good progress.