Private Sector Keeps UK Housing Growth Steady

The private sector was responsible for driving housing growth in the UK over the last quarter, NHBC's new housing registration figures for Q2 2014 have revealed. Overall, the number of new homes registered across both the private and public sectors in the UK for Q2 2014 totalled 36,858 - a 3% increase on the same period last year (35,683).  The figures reveal that this steady growth was entirely driven by the private sector - which grew a healthy 9% compared to same period last year (27,527 in Q2 2014; 25,209 in Q2 2013). In contrast, the public sector reported an 11% drop in registrations (9,331 Q2 2014; 10,474 in Q2 2013).The drop in public sector registrations coincides with first phase of the Government's Affordable Housing Programme coming to an end in 2015. Read more on the NHBC website.