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New homes figures reveal ever increasing private/public sector divide

Figures released today by NHBC have shown that the gap between private and public sector registrations in the UK continues to expand, with social housing figures contracting year-on-year.

NHBC registration figures for the public sector decreased 20% in January 2012 compared with January 2011, and 58% in February 2012 year-on-year. (1,854 compared with 2,304 in January 2011 and 1,373 from 3,289 in February 2011). In contrast, private sector housing registrations have experienced consecutive increases this year, with a 9% rise in January followed by 27% in February, compared with the start of 2011.

In total there has been a marginal 2% decrease in the number of homes across all sectors registered to date this year in the UK (16,343 in 2012 compared to 16,705 in 2011).

Commenting on the latest figures, Richard Tamayo, Commercial Director of NHBC, said: "As we near the end of Q1, our latest statistics have revealed a consistent start to the year, with both January and February reporting significant growth in the private sector but a concerning drop in social housing.

"The newly published National Planning Policy Framework and recently-announced first time buyers' mortgage initiative are both important steps in empowering the private sector - the current engine of growth for housing numbers, as our statistics indicate - to produce the volume of homes the country urgently needs."

NHBC statistics for February 2012 show that:

1. In February 2012, the number of new homes registered (8,512) was 5% lower than February 2011 (8,917) and;

  • 7,139 new homes were registered in the private sector, 27% up on February 2011 (5,628)
  • During the month, 1,373 new homes were registered in the public sector (compared with 3,289 in 2011 - a 58% drop)

2. For the rolling quarter December 2011 - February 2012 the total number of registrations was 21,422, 11% down on the same period last year (24,090). Of these:

  • Private sector registrations in December - February increased by 3% (16,541), compared with the same period in 2011 (16,101).
  • Public sector registrations in December - February decreased by 39% (4,881) when compared with the same period a year ago (7,989)

Full regional breakdown of new homes registered December 2011 to February 2012 by region/country:

Region

December 2011 - February 2012

December 2010 - February 2011

England - Regions

 

 

North East

938

783

North West

1,895

1,413

Yorkshire & the Humber

1,259

966

West Midlands

1,216

1,499

East Midlands

1,709

1,485

Eastern

2,096

3,406

South West

2,463

2,857

Greater London

3,463

4,154

South East

3,641

4,666

Totals for England

18,680

21,229

Scotland - Councils

1,564

1,688

Wales - Unitary Authorities

769

770

Northern Ireland - Counties

380

402

Isle of Man

29

1

Totals for UK

21,422

24,090

From March 2012 our Quarterly Statistics will be incorporated into NHBC's Housing Market Report - Subscribe here.

Media contact at NHBC

Nadia Bedra or Tom Howard
nbedra@nhbc.co.uk, 01908 746 734
thoward@nhbc.co.uk, 01908 746 735

News Date: 30/03/12