Newspaper article The Journal (Newcastle, England)

New Homes Registered in Region Top 2008 Level

Newspaper article The Journal (Newcastle, England)

New Homes Registered in Region Top 2008 Level

Article excerpt

Byline: Sonia Sharma Reporter sonia.sharma@trinitymirror.com

THE number of new homes registered in the North East has reached its highest number since the start of the recession in 2008.

The National House-Building Council (NHBC) has revealed that 5,178 new houses were logged in the region last year, a 30% increase on the 2012 figures, which stood at 3,996.

In 2013, Tyne and Wear had the most entries with 2,098, followed by Cleveland at 1,680, Durham at 999 and Northumberland with 401.

Before the economic downturn, the North East had 8,574 registrations in total. But this fell sharply to 2,845 after the recession hit in 2008.

Overall, annual figures in the UK increased by 28% in 2013, compared to the previous year.

The statistics also show a broadbased sustained recovery across England with all regions reporting an increase in house-building from last year. Mike Quinton, NHBC chief executive, said: "Looking back at 2013 it is very clear that it has been the best in a number of years for the sector as a whole, across the entire country.

"Over the year, we have seen a genuine return of confidence to the industry as builders strive to meet the growing demand for new homes that the UK clearly needs.

"Government initiatives such as Help to Buy have also contributed to registrations increasing at their fastest rate since the downturn. "According to our records, the North East saw a 30% rise while London enjoyed its highest ever annual total of new home registrations.

"However, let's be clear that we are not popping the champagne corks just yet. As we have stressed throughout the recent upturn, this recovery has been from a historically low base.

"The UK still has a chronic shortage of new homes, with an unprecedented amount of young people still living at home and unable to get on the housing ladder.

"There is much work still to do, but the UK's house-building industry is up for the challenge. …

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