House building slowing? Not at Larkfleet!

Latest figures from the National House Building Council (NHBC) show that the number of new homes built in both the East of England and the East Midlands in the second quarter of this year – the three months from April to June – were lower than in the same three months last year.

Across the UK as a whole, 40,343 new homes were registered during this period in 2017, a marginal 1 per cent decrease on the 40,810 registered 12 months ago.

29,123 homes were registered in the private sector, representing a 7 per cent decrease on the same period a year ago (31,381), with 11,220 new homes registered in the affordable sector, a 19 per cent increase on 2016 numbers (9,429).

The continued rise in the affordable sector can be attributed to a number of larger housing associations developing homes for market rent, private sale and shared ownership along with a rise in joint ventures with the private sector.

Six out of the 12 UK regions experienced growth in registrations, when compared to the same period last year. West Midlands, Scotland and Wales were among the regions with most notable growth.

Commenting on the latest new home statistics, NHBC Business Development Director Neil Jefferson said: "New home registrations have remained stable in the second quarter of this year, with some areas of the UK seeing significant increases in registration volumes.

"With demand for housing as strong as ever, the growth seen in the affordable sector is particularly encouraging."

At Larkfleet – active mostly in the East of England and East Midlands – we’re pleased to say we are building more homes on more sites than ever before.

You can check out what we are currently doing on the development page of our website here. And you can see the full NHBC statement here.