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New home applications still below last year's levels

Latest year-to-date figures for new home registrations in the UK reveal that house building levels continue to fall, according to NHBC.

In August 2012, the number of new homes registered with NHBC dropped to 9,553, 4 per cent below August last year (9,978) and taking overall year to date totals for 2012 to 72,740 applications; a 15 per cent decrease on the same period in 2011 (85,120).

Commenting on the latest figures, Richard Tamayo, NHBC Commercial Director said: "Viewing new home registration figures in absolute terms, year to date, underlines the real scale of the challenge facing the whole house building industry at the moment.

"Just this month the Government announced a series of measures aimed at supporting the house building industry, in its capacity as a key driver for economic growth. These measures are certainly needed but their success will only be realised through a concerted effort by the industry and government to ensure they are taken forward. The continued undersupply of new housing means that the UK is missing out on a potential source of much needed economic growth; this obviously needs to be addressed.

NHBC UK statistics for June - August 2012 show that:

For the rolling quarter June- August 2012 the total number of registrations was 29,272, an 18% decrease on the same period last year (35,854). Of these:

  • Private sector registrations in June - August decreased by 11% (21,594), compared with the same period in 2011 (24,315).
  • Public sector registrations in June - August decreased by 33% (7,678) when compared with the same period a year ago (11,538)

Full regional breakdown of total new homes registered June - August 2012 by region/country:

Region

June - August 2012

June - August 2011

England - Regions

 

 

North East

1,172

974

North West

2,316

2,254

Yorkshire & the Humber

1,692

1,932

West Midlands

2,149

2,507

East Midlands

2,311

2,132

Eastern

2,858

4,031

South West

3,737

3,480

Greater London

4,084

7,778

South East

5,319

6,190

Totals for England

25,638

31,278

Scotland - Councils

2,085

2,977

Wales - Unitary Authorities

1,108

1,065

Northern Ireland - Counties

422

528

Isle of Man

19

6

Totals for UK

29,272

35,854

 

 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: 28/09/12