Raising standards to protect homeowners
House building registrations fluctuate
The number of registrations to build new homes in the UK dipped during June, according to NHBC, but was still up on the same month last year.
NHBC recorded 9,263 registrations during the month, compared with 10,870 in May this year and 8,305 in June 2009. While individual monthly figures show considerable volatility, the next few months may be pivotal in terms of predicting the path of recovery in new homes supply.
NHBC chief executive Imtiaz Farookhi said: "Our figures show a drop in registrations during June. It is too early to establish whether this is cause for concern, it may be a sign that the housing market recovery, while not abating, is beginning to plateau short-term.
"In the longer term the demographics of UK population growth and the continuing under-supply of existing housing demand must require the country to build significantly more new homes. Shorter term factors such as uncertainty around planning reforms, the economic background and the outlook for employment, together with continuing issues with mortgage availability, may well combine to limit the scope and pace of this much-needed recovery in volume."
NHBC statistics for the rolling quarter April - June 2010 show that:
- Private sector registrations were up 50 per cent (at 19,977) when compared with the same period last year (13,328)
- Public sector registrations were 10,620 - 28 per cent higher than the same period a year ago (8,309)
- Registrations in the combined public and private sectors were 41% up on the same period in 2009 (30,597, compared with 21,637)
NHBC publishes a quarterly booklet of its new house-building statistics - subscribe here
Ends
Note to editors:
Full regional breakdown of new homes registered April 2010 to June 2010 by region / country
Region |
April 2010 to June 2010 |
April 2009 to June 2009 |
England - Regions |
|
|
1,041 |
605 | |
North West |
2,377 |
1,510 |
Yorkshire & the Humber |
2,294 |
1,153 |
West Midlands |
2,456 |
1,484 |
East Midlands |
2,494 |
1,836 |
Eastern |
3,483 |
2,572 |
South West |
3,876 |
3,075 |
Greater London |
4,101 |
2,030 |
South East |
4,082 |
4,136 |
Totals for England |
26,204 |
18,401 |
Scotland - Councils |
2,295 |
1,735 |
Wales - Unitary Authorities |
1,101 |
591 |
Northern Ireland - Counties |
917 |
875 |
Isle of Man |
80 |
35 |
Totals for UK |
30,597 |
21,637 |
About NHBC
NHBC is the leading warranty and insurance provider for new homes in the UK. It was established more than 73 years ago as a non-profit distributing company. NHBC's primary purpose is to help raise standards to protect homeowners. NHBC's ten-year 'Buildmark' warranty covers approximately 80% of new homes built in the UK and currently protects around 1.6 million homes.
Media contact at Mandate:
Kate Jones or Emily Feltham
kate.jones@yourmandate.com, 020 3128 8130
emily.feltham@yourmandate.com, 020 3128 8122
News Date: 23/07/10