Why Pink Floyd are key to the recovery of UK housebuilding

Although we could do with a few more bricks in the wall, we are starting to see some encouraging signs for the UK housing and construction market. 

The recent announcement from the NHBC that UK new home registrations increased by almost almost 30% in January 2013 to 10,112, against 7,831 in the same month last year only reinforces this view and is very positive news for manufacturers and distributors of building products. So, what has this got to do with Pink Floyd?!

Well, the NHBC said that the encouraging rise at the start of the year had been boosted by the Battersea Power Station redevelopment, with more than 800 new homes registered during the scheme’s first phase. The site which was immortalised by the Pink Floyd album 'Animals' will have more than 3,000 new homes built on it over the next 15 years.

During the rolling quarter of November 2012 to January 2013, 24,999 new homes were registered in total, a rise of 18% against the equivalent period in 2011/12. Of these, 18,061 were for the private sector, an increase of almost 14%. Meanwhile, public sector registrations climbed 32% to 6,938.

“We are heartened by the encouraging registration statistics for January which follow a strong end to last year,” commented NHBC’s commercial director Richard Tamayo. “This will be a welcome bit of New Year cheer for housebuilders up and down the country.”

Perhaps we really are moving away from the dark side of the moon towards something a little brighter!

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Find out more about Pink Floyd's 'Animals' here.
More about the development here.