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01/08/2014
Private Sector Drives UK Housing Growth
The private sector was responsible for driving housing growth in the UK over the last quarter, according to the latest NHBC figures.
Overall, the number of new homes registered across both the private and public sectors in the UK for Q2 2014 totalled 36,858.
The figures reveal that this steady growth was entirely driven by the private sector – which grew a healthy 9% compared to same period last year.
The figures show that June experienced a 14% increase in registrations, compared to the same month last year.
NHBC's Chief Executive Mike Quinton said: "It is encouraging to see that house building levels have continued to grow in 2014 – following the substantial increase in volumes recorded last year. We hope to see this growth further consolidated throughout the rest of the year.
"However, we have been clear that the UK still has an under supply of new homes so we must continue to work hard to meet the growing housing needs of the population."
(CD/JP)
Overall, the number of new homes registered across both the private and public sectors in the UK for Q2 2014 totalled 36,858.
The figures reveal that this steady growth was entirely driven by the private sector – which grew a healthy 9% compared to same period last year.
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The figures show that June experienced a 14% increase in registrations, compared to the same month last year.
NHBC's Chief Executive Mike Quinton said: "It is encouraging to see that house building levels have continued to grow in 2014 – following the substantial increase in volumes recorded last year. We hope to see this growth further consolidated throughout the rest of the year.
"However, we have been clear that the UK still has an under supply of new homes so we must continue to work hard to meet the growing housing needs of the population."
(CD/JP)
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