Some positive news from Brexit - land. Some better data from the construction sector.
National House-Building Council (NHBC) data for the January - March quarter
- Builders registered 37,672 new homes for warranties and insurance
- up 3% y/y
- Reuters report that NHBC's figures cover 80% of the new homes market and 'are viewed as a lead indicator for the housing sector'
"We are pleased to report good numbers for the start of the year, although we do need to bear in mind the situation 12 months ago when freezing conditions caused major hold-ups in registrations as well as build-rates across the bulk of the UK," NHBC chief executive Steve Wood said.
- Uncertainty around Brexit had caused "some dampening" of the housing market for new homes in early 2019, he said.
