Pandemic Sees Decline in New Home Registrations

Click to read the article in full.  

Due to the ongoing COIVD-19 pandemic, the National House Building Council (NHBC) has reported that the number of new homes registered to be built in the UK fell by 23% in the UK in 2020.

However, productivity moved close to pre-pandemic levels in the final quarter of 2020 with new home registrations down just 2% on the same period in 2019.

The NHBC registered a total of 123,151 new homes in 2020, compared to 160,319 in 2019 with the largest falls being seen in the second quarter of 2020 when the UK went into its initial lockdown and halted work on sites across the country.

Housebuilding activity rebounded quickly once builders and building sites

 link source - Construction Media

Continue reading this article at the original source Here