Positive news for housebuilders amid Brexit uncertainty
The NHBC has reported that the number of new homes registered in the first three months of the year reached more than 37,500 – with 37,672 new homes registered to be built compared to 36,508 last year.
New build levels within the private sector were down by 6% (26,841 from 28,554 in 2018) with the affordable and rental sector up 36% (10,831 from 7,954 in 2018).
Additionally, according to the latest Housing Pipeline report by the Home Builders Federation and Glenigan, permissions were granted for almost 370,000 new homes in 2018, the second highest annual total on record.
Commenting on the pipeline report Stewart Baseley, executive chairman at HBF said; “Today’s report shows that despite the wider political and economic uncertainties, builders are maintaining record levels of investment. The industry is investing massively in people and land to ensure it can meet the challenge set by Government to deliver even more, high quality homes.”
Housing supply is up 78% in the past 5 years with 222,000 homes added to the housing stock last year. Whilst the level of increase is unprecedented, the total is still some way short of the number of homes the country needs to be building.
Managing Director of Longley Concrete, Michael Longley commented “It’s good to hear positive news in the construction sector amid the political uncertainty surrounding Brexit. As a supplier to housebuilders across the UK, we have seen an increase in demand for our precast concrete flooring products for new builds. The sector as a whole is under pressure to achieve Government targets of 300,000 new homes a year until the mid 2020s, but we remain positive about the future of the construction sector in the UK.”
Longley Concrete provide precast concrete beam and block, insulated and hollowcore flooring for most major housebuilders UK wide, producing enough floor beams for over 40,000 new homes annually. Additionally, the business manufactures concrete lift shafts, staircases and stadia.