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UK Housing Market
National House Building Council
The National House Building Council (NHBC) received registration papers for a total of 67,422 homes in the first half of this year. This is the most the non-profit insurance and standards body has received in the period since the first half of 2008.
Richard Tamayo, the NHBC's commercial director, said: “While London remains an engine for growth we are seeing overall numbers up across the UK.”
The NHBC says its registrations, which reflect builders’ housing starts, account for 80 percent of the UK new build market. In the second quarter alone there was a 38 percent increase seen on a year earlier, taking the total to 35,683 starts.
Regional breakdown of house building activity:
APRIL - JUNE 2013
APRIL - JUNE 2012
England - Regions
Yorkshire & the Humber
Totals for England
Scotland - Councils
Wales - Unitary Authorities
Northern Ireland - Counties
Isle of Man
Totals for UK
According to reports the market is being boosted by government policies aimed at helping the UK housing market to recover, which are particularly focused on first time buyers and the new build segment.
It is not just the NHBC data that suggests an improving market, last week FTSE 100 builders' merchant Travis Perkins said a “very tough” start for the year had been followed by a “considerable step up” in May and June.
Revenue rose 1.6 percent to GBP 2.4bn for the first half of 2013, while pre-tax profit dropped to GBP 134.7m from GBP 154.8m. The previous year, profit had been boosted by the purchase of hardware supplier Toolstation, which subsequently had its value written up. Travis Perkins' retiring Chief Executive also said prospects are brighter for the coming years, stating this as a reason for his feeling confident enough to retire.
Separately, kitchens and joinery company Howden Joinery said first-half revenue rose from GBP 364.6m to GBP 390.8m.
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