UK home building hits highest since 2007

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Last Updated: 16/09/2014  

New-home building in the UK last year hit its highest level since the financial crisis, with London's build-rate the strongest for 25 years, according to a report.
New-home registrations in the UK rose by 28% in 2013 to 133,670, the highest number since 2007, the National House Building Council (NHBC) said.
In London, 26,230 new-build homes were registered, a 60% increase on 2012.
But the NHBC warned that a new-home shortage was pushing up prices.
NHBC chief executive Mike Quinton said: "Looking back at 2013 it is very clear that it has been the best in a number of years for the sector as a whole, across the entire country.