UNITED KINGDOME — The National House Building Council (NHBC) has said the current rate of home building will need to more than double to deliver the UK Government’s promise of 1.5m homes constructed over the next five years. The number of new homes registered to be built in the UK fell by 23 per cent year on year in the second quarter of 2023. Labour’s pledge to build 1.5m homes has been a cornerstone of its economic growth policy. The number of new homes registered to be built in the UK fell by 23% year on year in the second quarter of 202. …In theory, 300,000 homes will be built each year, partly by reallocating so-called grey belt, or low quality green belt, land. There is a “mountain to climb” with regards to home building, chief executive of NHBC Steve Wood said.