Housebuilding starts up again.
Housing starts hit three-year high
Published: 29 April, 2011
LONDON: New house registrations by builders increased in March to reach the highest monthly number for three years.
Registrations were up 21% to 13 307 compared to a year ago and 49% higher than February, said the National House Building Council.
The Olympics programme helped, with the Athletes' Village accounting for 2800 starts, but discounting this, monthly registrations were still the highest in eight months. Figures for January to March, which give a better indication of trends, rose 7% on the same period a year ago but growth in starts was confined to Greater London.
Imtiaz Farookhi, chief executive of NHBC, said: "March's figures offer encouragement to the sector during a month in which the Coalition's Budget announced significant changes for all housebuilders.
"While a large proportion of registrations were driven by plans at the Athletes' Village, housing analysts have reported better than expected growth in housebuilding during the first quarter of 2011 and our figures for March certainly reflect this positivity," he commented.