Afforable homes boost building

The number of affordable homes being registered has soared by nearly 120%, according to new figures released by NHBC.

In February 2013, the number of affordable homes housebuilders registered increased from 1373 in February 2012 to almost 3000 last month.

The figures show that the UK house-building industry in general has also enjoyed a good start to 2013 with all new home registrations up nearly 24 per cent in February compared to the same time last year.

NHBC’s monthly statistics show that 10,538 new homes were registered around the country in February 2013 compared with 8512 in February 2012.

The main driver has been the UK government’s £2.2 billion Affordable Homes Programme which aims to deliver 170,000 new homes by April 2015. But the figures also show that current government schemes such as NewBuy and Funding for Lending are finally helping to boost new house building.

NHBC has welcomed the recent measures in the Budget to provide an additional £225 million to support a further 15,000 affordable homes which the country desperately needs by 2015.