Demand for New Homes Surges Across UK

Interest in new build properties has surged, with 48% of homebuyers in 2024 expressing a desire to purchase such homes, marking a significant rise from previous years. First-time buyers and current homeowners looking to move are driving this trend, particularly in England where demand is notably high. Meanwhile, Rockford has seen its highest level of single-family home construction since the Great Recession, with a 163% increase in permits issued in 2024, suggesting a robust recovery in the housing market. The city is grappling with low inventory and rising prices, which have increased by 12% over the past year. Additionally, East Gippsland Shire Council is planning for future housing growth in Paynesville and Eagle Point to accommodate a burgeoning population, while Kahnawake is moving forward with new developments aimed at mixed housing solutions for community members, including those with disabilities. Overall, these developments reflect a growing trend towards addressing housing shortages across various regions.