Monday 27 October 2014

Housebuilding at Strongest Levels Since 2007

Housebuilding activity is at its strongest levels since 2007 as the recovery broadens out beyond London to the rest of the UK, an industry body has reported. But the National House Building Council (NHBC), which released the figures, also warned that small builders are still struggling to raise finance from “risk averse” lenders. It said that the industry as a whole is seeing shortages of skilled people such as bricklayers, carpenters and decorators as work begins to pick up. The NHBC has recorded 107,017 registrations for housebuilding between January and September 2014, marking a 6% increase on the same period a year earlier and the highest year-to-date total seen since 2007, before the economic downturn struck. Read more on the Guardian website.

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