You are here: Home - News -

British home builds soar annually by 50%

  • 25/08/2017
  • 0
British home builds soar annually by 50%
UK residential building project numbers nudged up from June to July but leapt 51.3% year-on-year in a spike of new home builds.

According to Barbour ABI research, the number of units associated with residential contracts awarded increased by 2.4% from June to July and were 9.4% higher against 2016.

However, the number of building projects in July fell by 26.2% on June and were 9% lower on an annual basis.

“Taken together, this data shows the continued popularity of residential developments in the UK,” said Barbour.

Barbour ABI suggested £5.4bn of contracts were awarded in July, with the 14% by value awarded in London and another 14% in the South-East.

Half the projects were residential in July (47% of the total), with the Charter Square scheme in Staines the largest value contract of the month. The Packway in Wiltshire, a 444 unit development valued at £97m was awarded to Lovell partnerships.

Private housing development dominated the residential builds this month at 73% with hostels or halls of residence accounting for 18% of the value awarded.

In terms of value, Barratt Homes agreed £2.1bn of residential contracts, followed by Persimmon Homes on £1.8bn and Taylor Wimpey at £1.58bn.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
Accord cuts BTL rates and adds new deals

Accord has cut rates on some of its two-year and five-year fixed-rate buy-to-let mortgages and added a set of deals...