House-building boom sweeping the UK

House building in the UK has had a good start to 2011 and last month saw nearly 15% more homes built, with the figures expected to grow even more in the next few months.

New statistics from the National House Building Council (NHBC) indicate that the amount of new homes built last month grew by 14.5% compared to January. 8,917 new homes were built in February and social housing also increased to its highest peak in nine months, with 3,289 properties being built.

These figures are reassuring for the construction industry in these strained financial times, as the more new homes being built means that more new construction jobs are created.

Last week’s Budget for 2011 gave the housing industry a much-needed boost, as some of the new changes include introducing a £250 million shared equity fund, which will help first-time buyers get onto the property ladder. This will in turn create a bigger demand for new housing, which will then lead to new construction projects in the UK and new jobs for contractors to satisfy the demand.

NHBC’s Chief Executive said that, “the recent Budget delivered a welcome boost to the housing industry, with first time buyers given incentive to buy and house-builders given incentive to build.”

What do you think about the state of the housing industry – is it on the way up? Let us know on here or on the Train4TradeSkills Facebook and Twitter pages.

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Posted on March 29, 2011, in construction jobs, construction news, train4tradeskills and tagged , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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