The Help to Buy scheme is boosting the supply of new homes, with over 32,500 households buying new build homes through the equity loan and NewBuy options compared to 7,300 sales though the mortgage guarantee, according to new Government figures.

With over 80% of sales going to first time buyers for new build homes, private housebuilding during the first year of the scheme has increased by 34%.

Brandon Lewis, Housing and Planning Minister, said: “It’s no accident that since the start of the scheme private housebuilding has shot up by a third and continues to climb. Developers are increasing their output, and taking on new workers at the fastest rate since records began.

“And for the first time, we’re publishing data about each post code and constituency, so communities can see exactly how this vital part of our long-term economic plan is improving the housing market and helping their area.”

Housebuilding has climbed to the highest level since 2007 and the construction sector has now grown for 14 consecutive months, with companies taking on new workers at the fastest rate for 17 years.

Sales of new build homes have been strong across the country with the highest number of equity loan sales in Wiltshire with 469, Leeds with 457 and Central Bedfordshire with 427, whilst Milton Keynes, Peterborough, Bradford, Manchester, Country Durham, Bedford, and Birmingham have all achieved over 300 sales.