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House-Building Growth Accelerates in 2017

Story posted: 11.05.17

House-building plans in the UK has hit a 10-year high during the first four months of 2017. Registrations with the National House-Building Council (NHBC) has seen a 17% rise of payments by homebuilders for insurance on projects before construction commences. 

The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) also rose to 53.1 from 52.2 in March.

The housing sector is still a hot political topic as the UK gears up for the June 8 national election, with both main political parties pledging to help people struggling to buy home as property prices have risen strongly in recent years as demand for housing outstrips supply.

The NHBC said, “…157,898 new homes were registered for construction in the financial year ending in March, 4% higher than 2015/16 but still 1000 shy of the long-run historical average but still indicating tentative signs that the economy might be recovering a little momentum.”

Official data released this week showed construction companies took on workers at the fastest rate since last May to help cope with an influx of new orders.

Taylor Wimpey commented, “…it is optimistic that the British general election will not disrupt positive market sentiment, provided that no major policy changes are announced.” 


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May
23
2017

Yvonne Kerslake-Brameld

Ashtons staff were extremely friendly, knowledgeable and competent. The sale price was ideal. I highly recommend them as a superb team.

May
21
2017

Cynthia Brooks

We mostly dealt with John and Graham at Ashtons and both were extremely courteous and helpful.

May
19
2017

Stuart Yerby

Neil Facer was nothing short of a superhero, from listings to viewings to negotiations to conveyancing. The team were supremely professional.

May
17
2017

Susan Aujla

Incredibly stressful time. Forever grateful to JP at Ashtons for finding us the house & doing everything he could to secure it. Exceptional!

May
15
2017

Anne Udell

I was very impressed with the way Joe Wilkes handled a somewhat difficult time.

May
13
2017

Simon Stanley

Ashtons let the property for me for several years before selling it and achieving and excellent price. Thoroughly professional throughout.

May
11
2017

Peter Fice

Ashtons were able to arrange an immediate viewing on the day we saw the property on Rightmove. Excellent courteous and fast service.

May
09
2017

Andy Mann

Jon-Paul Brampton had an in-depth knowledge of local pricing and economy, impressing me enormously and led to a quick sale. Highly recommended.

May
07
2017

Karen Stammers

You have a great team who made the process - from the first enquiry to completion - seamless and stress-free. Very professional.

May
05
2017

Anonymous

Steve and Graham were excellent in helping us to sell our house and Verity was integral in negotiating a good price for the house we...

May
03
2017

Barbara

Excellent service from the agents throughout the process (and after completion!). Joanne Sargeant is a real superstar!!!!

May
01
2017

Nicola Magdalinis

Our move from London to St Albans was smooth and stress free. We were kept informed at every step of the process and without prompting....


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