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Housebuilding climbs 12%, but storms on the horizon

By Staff Reporter

Published 03/11/2016

More than 750 homes were built
More than 750 homes were built

The number of new homes built in Northern Ireland rose by nearly 12% to reach 762 during the third quarter of the year, figures show today. The report from the National House Building Council (NHBC) for July to September showed 5% growth in new home completions UK-wide to reach 33,341.

New home registrations in Northern Ireland also showed growth during the quarter, up to 1,015 from 1,002 a year before.

The figures show that a resurgence in housebuilding in Northern Ireland is continuing at a steady rate - backing up a survey from the Royal Institution of Chartered Surveyors (RICS) on building activity in the province last month.

Meanwhile, a separate report yesterday said a "solid" rise in housebuilding work UK-wide had helped construction activity hit a seven-month high in October.

But the Markit/CIPS UK Construction purchasing managers' index (PMI) also found firms were hit by Brexit uncertainty and soaring costs from the falling pound.

Housebuilding remained the key driver, with the pace of expansion in residential construction work only slightly weaker than the eight-month high seen in September.

But the report pointed to fresh clouds on the horizon, with growth in new orders across the wider sector down since September.

Belfast Telegraph

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