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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Demand for new UK homes still outstrips supply, say building firms

Bellway housing development site in Dunstable
Bellway expects to complete more than 11,110 homes in the year to the end of July, a 10% rise from last year. Photograph: Matthew Childs/Reuters

Bellway and Crest Nicholson, two of Britain’s biggest housebuilders, have said demand for new houses continues to outstrip supply, pushing up prices and offsetting the rising cost of building materials and energy.

Bellway posted strong sales for the four months from 1 February to 5 June, when house reservations averaged 253 a week, compared with 239 in the same period last year.

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