Builders' confident in new homes sales
Published: 16 September, 2009
The Home Builders Federation's latest survey shows that July's new homes reservations were up strongly on a year ago, the fourth successive month of year on year growth – and that builders expect a rise in their new homes sales in 2009.
And with builders already reporting a busy August, the survey demonstrates the clear improvement in both the market and industry confidence and comes as a major boost for the industry as it launches New Homes Week 2009. The week will see events taking place on 2000 housing sites across Britain as builders demonstrate the many benefits of new homes.
The HBF's latest monthly Housing Market Report also shows that:
- The rate of decline in net new homes prices has eased markedly,
- The summer period was busier than usual with visitor and reservation levels falling only modestly between June and July compared to the usual large summer season falls.
The HBF new home survey results support other evidence from the sector that the housing market may well be past the worst, including:
- July homes sales across the whole housing market, including second hand properties, were up on a year ago for the first time in two years - Office of National Statistics,
- Mortgage approvals for house purchase in July were up more than 50% on July last year - Bank of England,
- Estate agents have been reporting rising levels of interest from new buyers for the last nine months - RICS.
New Homes Marketing Board chairman David Pretty, said; "These latest HBF survey results continue the trend of positive reports that have been emerging in recent months. As we launch New Homes Week, which will see events and promotions aimed at demonstrating the many benefits of new homes taking place on 2,000 sites across the country, industry confidence is at the highest it has been for some time. It is early days yet, but the trends are very encouraging."