Raising standards to protect homeowners
Promising private sector housing figures but registrations still down on 2011
New figures released today by NHBC have revealed that private sector housing registrations in the UK had their best month for over a year this July, with 8,105 registrations.
This still however leaves private sector registrations down 10% for the rolling quarter May to July 2012, compared to the same period last year (21,574 in 2012 compared with 23,996 in 2011). Public sector housing registrations remained subdued.
However, across all sectors registrations were down 21% May to July 2012 compared to the same three months last year (28,951 in 2012 compared with 36,716 in 2011), with public sector registrations continuing to decline (-42%) during the rolling quarter (7,377 in 2012 compared with 12,720 in 2011).
Commenting on the latest figures, Richard Tamayo, NHBC Commercial Director said: "July's registration figures showed that the sector bounced back from a poor June. The sector continues to show a consistent pattern of decline compared to the same period in 2011.
"Next month's anticipated announcement of the Coalition's detailed plans to relax the rules that require private housebuilders to include substantial social housing in large projects will undoubtedly benefit the private sector. It may even result in some support for social housing volumes; a reduced social proportion of a viable site is better than a theoretically larger proportion on a site which is made unviable and therefore never developed at all."
NHBC UK statistics for May - July 2012 show that:
For the rolling quarter May - July 2012 the total number of registrations was 28,951, a 21% decrease on the same period last year (36,716). Of these:
- Private sector registrations in May - July decreased by 10% (21,574), compared with the same period in 2011 (23,996).
- Public sector registrations in May - July decreased by 42% (7,377) when compared with the same period a year ago (12,720)
Full regional breakdown of total new homes registered May - July 2012 by region/country:
Region |
May - July 2012 |
May - July 2011 |
England - Regions |
|
|
North East |
1,127 |
973 |
North West |
2,594 |
2,543 |
Yorkshire & the Humber |
1,599 |
1,832 |
West Midlands |
2,059 |
2,149 |
East Midlands |
2,590 |
2,254 |
Eastern |
2,976 |
4,399 |
South West |
3,043 |
3,289 |
Greater London |
4,555 |
8,512 |
South East |
4,689 |
6,493 |
Totals for England |
25,232 |
32,444 |
Scotland - Councils |
1,966 |
2,879 |
Wales - Unitary Authorities |
1,305 |
866 |
Northern Ireland - Counties |
414 |
523 |
Isle of Man |
34 |
5 |
Totals for UK |
28,951 |
36,717 |
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: 24/08/12