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New NHBC figures reveal decline in new home registrations during Q2 2012

New figures for Q2 2012 released today by NHBC reveal that new home registrations in the UK decreased by 24%, compared to the same period last year.

Following a contraction seen during Q1, public sector registrations declined 49% in Q2 2012 compared to the same period in 2011, bringing overall registration totals down across all new homes for the quarter.

Private sector registrations fell by 10%, with monthly figures for June 2012 failing to match last June's exceptionally buoyant figures. While April and May 2012 registrations were actually marginally higher when compared to the same months in 2011.

Commenting on the latest figures, Richard Tamayo, NHBC Commercial Director said: "As the year progresses we must hope to see a rebound in social housing numbers as providers adapt to new methods of funding. Hopefully the decline in private registrations witnessed in June will, in hindsight, prove to be a statistical blip in what will otherwise be a period of sustained, if modest, private sector volume growth throughout the year."

NHBC statistics for June 2012 show that:

In June 2012, the number of new homes registered (8,328) was 43% lower than June 2011 (14,565) and;

  • 6,685 new homes were registered in the private sector, 26% down on June 2011 (9,029)
  • During the month, 1,643 new homes were registered in the public sector (compared with 5,536 in 2011 - a 70% drop)

For the rolling quarter April - June 2012 the total number of registrations was 25,798 24% down on the same period last year (33,820). Of these:

  • Private sector registrations in April - June decreased by 10% (19,526) compared with the same period in 2011 (21,608). 
  • Public sector registrations in April - June decreased by 49% (6,272) when compared with the same period a year ago (12,212)

Full regional breakdown of new homes registered April 2012 to June 2012 by region/country:

Region

April - June 2012

April - June 2011

England - Regions

 

 

North East

809

806

North West

2488

2381

Yorkshire & the Humber

1536

1903

West Midlands

1992

2100

East Midlands

2202

1941

Eastern

2883

4642

South West

2616

3199

Greater London

3297

6831

South East

4335

5833

Totals for England

22158

29636

Scotland - Councils

1966

3012

Wales - Unitary Authorities

1201

613

Northern Ireland - Counties

473

559

Totals for UK

25798

33820

 

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

Media contact at NHBC

Nadia Bedra or James Hall
nbedra@nhbc.co.uk, 01908 746 734
jhall@nhbc.co.uk, 01908 746 738

News Date: 27/07/12