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NHBC cautiously welcomes budget announcements

Responding to housing measures announced in the budget, Imtiaz Farookhi, NHBC Chief Executive says;

"We cautiously welcome the measures announced in the budget. However, nobody should underestimate the challenge in providing the UK with the number of new homes it requires. Even at its peak the UK was not producing enough homes, and despite a recent upturn, our figures show that we are still today producing 40% fewer homes than we were three years ago.

"In this context, the budget measures announced on Stamp Duty and local Authority planning are welcome boosts to house building in the UK."

Ends

Notes to editors

  • For further information please contact Sarah Hamilton, NHBC Head of Media and Communications on 01494 735748 or 07798 694911 or shamilton@nhbc.co.uk
  • NHBC is the standard body and leading warranty and insurance provider for new homes in the UK.
  • Established 74 years ago as a non-profit distributing company, NHBC's primary purpose is to help raise standards to protect homeowners. 
  • NHBC's ten-year 'Buildmark' warranty covers more than 80% of new homes built in the UK and currently protects approximately 1.7 million homes.

News Date: 24/03/10