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15/08/2003
House-building activity still on the rise
House-building activity in Northern Ireland saw an increase during the second quarter of 2003, according to statistics released by the National House-Building Council (NHBC).
The figures reveal that a total of 2,780 applications were made to start new homes during the quarter, an increase of 13% on the same period in 2002.
The average anticipated selling price of new homes – registered with NHBC – during the second quarter of 2003 was £104,000, a 3% increase on the figure for the same quarter in 2002, which stood at £101,000. Based on actual selling prices, the proportion of homes sold for over £100,000 was 41%, also an increase on the same period last year, which was 36%.
Tom Kirk, NHBC Director for the province, commented: "The number of new homes started in Northern Ireland has increased this quarter compared to the same period last year. NHBC figures also show that starts are up five per cent on the last quarter. This is encouraging growth in the housing sector in Northern Ireland."
(CL)
The figures reveal that a total of 2,780 applications were made to start new homes during the quarter, an increase of 13% on the same period in 2002.
The average anticipated selling price of new homes – registered with NHBC – during the second quarter of 2003 was £104,000, a 3% increase on the figure for the same quarter in 2002, which stood at £101,000. Based on actual selling prices, the proportion of homes sold for over £100,000 was 41%, also an increase on the same period last year, which was 36%.
Tom Kirk, NHBC Director for the province, commented: "The number of new homes started in Northern Ireland has increased this quarter compared to the same period last year. NHBC figures also show that starts are up five per cent on the last quarter. This is encouraging growth in the housing sector in Northern Ireland."
(CL)
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