26 Oct

New house building statistics are 'encouraging'

New house building statistics are 'encouraging'

New statistics show encouraging signs about the housing development market in the UK, is has been claimed.

Brian Berry, director of external affairs at the Federation of Master Builders (FMB), made this comment following the release of new figures from the National House-Building Council (NHBC), which showed that applications for new home builds are up by four per cent.

However, he believes that although these are positive signs, people should not consider this to be the end of the housing shortage and estate agents may still witness a big demand for property.

Mr Berry said that "we need to get building back to where it was, then raise it again to get it to keep pace with demand".

There is also a backlog of supply which has built up "over decades of under-production", he continued.

The figures from the NHBC also showed that applications for new homes in the private sector are up by 17 per cent when compared to last year.ADNFCR-1222-ID-19427224-ADNFCR

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