The number of affordable homes registered has soared by nearly 120%, according to new figures released by NHBC.
In February 2013 the number of affordable homes registered increased from 1,373 in February 2012 to almost 3,000 last month.
The figures show that the UK house-building industry has also enjoyed a good start to 2013 with all new home registrations up nearly 24 per cent in February compared to the same time last year.
The main driver has been the Government’s £2.2billion Affordable Homes Programme which aims to deliver 170,000 new homes by April 2015. The figures also show that current Government schemes such as NewBuy and Funding for Lending are finally helping to boost new house building.
NHBC Commercial Director Richard Tamayo said: “The dramatic rise in affordable homes is good news for first time buyers and social housing tenants. However, it is important that quality is not compromised in the rush to build these new houses before the Government’s April 2015 deadline."
