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Posted: 11.11.14

Housebuilding figures highlight major growth in Midlands

Housebuilding figures highlight major growth in Midlands

The Midlands has been cited as one of the major growth areas for UK housebuilding, according to latest figures released by the National House Building Council.

While new home registrations in London dropped by 15% in the three months to August (compared to the previous year), the Midlands saw a jump of 27% during the same period. The national average saw a modest increase of 10%.  

The figures suggest that land shortages and rising labour costs in the South are causing growth to slow, meaning that developers are looking to areas like the Midlands for new build projects.