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.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
