The house builder said it will build 400 'affordable' homes in 2017, contributing towards the Scottish Government's target of building 50,000 new affordable homes by 2021.
Recent construction output figures for Scotland and the rest of the UK showed a substantial rise in new housing output across the UK during the first three months of 2017, compared to the same period of 2016. The value of public sector new housing output is up 11% to £1.29 billion, private sector new housing output up 6% to £7.91bn and housing repair and maintenance up 5% to £7.01bn.
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Stephen Profili, recently appointed regional Managing Director for Lovell in Scotland, said: "2016 was a good year for the house building sector in Scotland with public and private sector output both up year-on-year, as was repair and maintenance activity in the housing sector.
"For its part, Lovell built 277 open market and affordable homes in Scotland last year. These new figures for March 2017 show promising performance for the industry during the first quarter of 2017 – and the housing sector in particular is continuing to perform strongly, demonstrating an ongoing recovery from the 2008 recession.
"Lovell is gearing up for a busy year with a strong pipeline of projects across central Scotland approaching completion and ready to launch for sale in the coming months and a number of others entering the construction phase."
(LM)
