Industry News

TRA optimistic about the new housing figures in England

Good news for the housing market in England. According to the Department for Communities and Local Government, the number of homes started in Q1 is 11% up on Q1 2013 and 41% up on Q1 2011; 40,340 new homes started in England in Q1; 34,210 homes were completed in Q1, the highest number since Q4 2008.

"Nonetheless, these figures could not be completely satisying", underlined TRA (Trussed Rafter Association) Director Nick Boulton. "In fact the 137,310 new homes started in 2014 are still a long way short of the 230,000 ones we need in England alone". 

"TRA members are ready and waiting to help bridge this gap", Boulton added. "We have the necessary credentials to meet the increasing demand for both offsite and on onsite construction".

UK house price keeps on accelerating, ONS reports

UK house prices keep on growing with a 9.6% boost at the end of March, the Office of National Statistics (ONS) reports. The general flatness of consumer prices seems not to affect the housing market where the annual rate of increase accelerated again from 7.4% of February 2015. 

According to the ONS, the prices rise is partly due to the boost of house price inflation in Scotland (+14.6%). Significantly annual property price increases in the East of England (11.4%), London (11.2%) and the South East of England (11.2%). 

The ONS figures show that the cost of the average UK home in March was £273,000, ranging from £498,000 in London to £145,000 in Northern Ireland. Buyers incurred 61,300 home loans in the first three months of 2015.

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