18/01/2002

NHBC reveals rise in housebuilding applications

The latest round of statistics released by NHBC (National House Building Council) show that UK applications to build new homes increased by 6 per cent during December 2001.

A total of 8,258 applications were made by the private sector and housing associations to start new homes in the UK, up six per cent on the same month in 2000. Private sector starts for the month rose to 7,407, while there were 851 UK housing association applications, over double the amount on 2001.

New build completions for both the public and private sectors totalled 10,973 in December 2001, a 13 per cent decrease on the same month last year (12,666).

Additional information from NHBC reveals that an average of 523 new homes were sold each day during December 2001, an increase of nine per cent on the same month last year.

However, Imtiaz Farookhi, chief executive of NHBC, warned: “Despite a big increase in housing market sales in 2001 and the largest growth in house prices for over a decade, house builders started one per cent fewer new homes. This situation may ease if the Government’s proposal for radical reform of the planning system is adopted. However, it will be some time before they have any impact on house building levels.” (CL)

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