Building Barometer delivers good news.
New building up by one-third
Published: 02 August, 2010
UK: June newbuild postcode registrations show strongest increase in over 18 months.
The number of planned building developments in the UK has risen to the highest levels since October 2008, according to the latest figures from Royal Mail's Building Barometer.
The Building Barometer uses Royal Mail's database of postcodes allocated to planned new buildings to paint an overall picture of construction trends across the UK.
The number of planned building developments in the UK rose by 34% between April and May of this year, the barometer revealed. June's figures show further increase, as well as a 37% rise year-on-year.
These latest figures indicate a turning point for the construction industry, after a consistent drop in developments over the last two years. There was a 25% year-on-year drop between June 2007 and 2008, and a 55% fall between June 2008 and 2009.
Numbers are consistently positive across the UK, with East Anglia in particular showing a significant increase. New building developments in this area have doubled year-on-year, with 2058 registered in June 2010 compared to 1002 in 2009.
Royal Mail's address data plays an important role in the building development process, especially for those companies that deliver materials to building sites.