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Redrow comments regarding NHBC annual new homes statistics review

The following quote is Redrow's response to the NHBC annual new homes statistics review, released on January 31, 2014, including record numbers of new home registrations in London:

John Tutte, Group managing director for Redrow Homes, said: “These figures show that the housebuilding industry is well along the path of recovery after a challenging few years. Help to Buy has provided a huge boost for homebuyers in England and, as consumer confidence returns, we are confident the upward trend can be sustained.

“Our London division continues to grow and is well-positioned to take advantage of the huge demand for housing in the capital. It’s also very pleasing to note that all regions in England experienced an increased number of new home registrations in 2013 but there is still some way to go before we reach pre-recession numbers. Unfortunately, the figures show that registrations in Wales fell by 12% last year but we are hopeful that the introduction of Help to Buy – Wales at the beginning of this year, will go some way towards improving the outlook for 2014.

“This news is not just a boost for housebuilders but the economy as a whole as thousands of new jobs are being created, not only in building new homes, but the supply chain that provide the raw materials and also the service industries and retail sector that prosper in a more buoyant housing market. With demand for new homes returning it is imperative that we can work with local authorities to bring forward sites currently going through the planning system and deliver the level of new homes needed in the UK.”