The NHBC has published figures showing that new homes registrations have declined by 2% for the 2017/18 year. This was largely influenced by Beast from the East which halted production on many sites for up to a month.
Regardless of the exceptional weather the total new build figure even including conversions barely tops 200,000 against a government target of 300,000 per annum.
Steve Wood, CEO of the NHBC, points out that the UK needs 25,000 more bricklayers if the industry is to achieve the government target – an unlikely event. Instead, he suggests a quicker adoption of modular housing built offsite is more likely to create the required surge in new build numbers.
Clearly eager to finish with an air of positivity Wood concluded that “Business confidence in both the private and affordable sectors remains high with clear routes to continued growth in 2018, and NHBC will continue to help support house builders to build the high-quality new homes that people across the UK need”