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NHBC's response to the Government's housing and planning statement

In response to the Government's housing and planning statement, Neil Jefferson, Customer and Business Development Director at NHBC said:

"We are encouraged by today's statement from the Government committing to the building and financing of new homes, as this again underlines that boosting the housing sector is key to economic growth. We hope that this stimulus will have a tangible and lasting effect, increasing the number of new homes available across all tenures by enabling the development of both new and currently stalled sites.

"Recent house building levels have been worryingly low and well below housing need, which has been shown in our statistics for both the private and public sectors, with our latest registration figures revealing a 21% decrease across all sectors for May - July compared to the same three month period last year.

"NHBC Foundation research has shown that new homes require less energy to run than equivalently sized older homes, meaning that they not only have a lesser impact on the environment but their occupants could see annual fuel bills reduced by up to half.

"Simply put, enabling more people to live in new build homes will benefit both the national economy and individual finances."

News Date: 06/09/12