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New housing statistics back up Government bid for more homes

NHBC's latest year-to-date figures for new home registrations in the UK show there is still an urgent requirement for more homes, with statistics revealing a 12% decrease in the number of new homes built so far this year, compared to the same period in 2011.

In total 89,600 new homes have been registered in the year to date, up to and including October 2012, compared to 101,600 for the same period last year.

The latest statistics follow the announcement at NHBC's Annual Lunch last week by the Deputy Prime Minister Nick Clegg, where he vowed to provide increased support to the sector with a £225m funding boost, with an emphasis on establishing a new generation of locally-driven "garden cities".

Commenting on the latest figures, Richard Tamayo, NHBC Commercial Director said: "Our figures show there remains a clear deficit in the number of new homes being built in the UK compared to last year. However, we are greatly encouraged by the Government's recent commitment to back the industry and provide new funding, particularly to unlock almost 50,000 homes on stalled sites. It is an ambitious, but very necessary proposal and we look forward to seeing how it develops in the New Year."

NHBC UK statistics for August- October 2012 show that:

For the rolling quarter August- October 2012 the total number of registrations was 26,440, resulting in a marginal decrease when compared to the same period last year (26,509). Of these:

  • Private sector registrations in August- October 2012 were marginally down (19,670), compared with the same period in 2011 (19,692)
  • Public sector registrations in August- October 2012 were marginally down (6,770) when compared with the same period a year ago (6,817)

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

Region

August- October 2012

August- October 2011

England - Regions

 

 

North East

974

790

North West

1,713

1,436

Merseyside

314

431

Yorkshire & the Humber

1,366

1,767

West Midlands

2,294

2,367

East Midlands

1,674

1,878

Eastern

2,862

3,156

South West

3,455

2,884

Greater London

3,701

4,246

South East

4,638

3,587

Totals for England

22,991

22,542

Scotland - Councils

1,980

2,250

Wales - Unitary Authorities

1,041

1,042

Northern Ireland - Counties

418

649

Isle of Man

10

26

Totals for UK

26,440

26,509

 

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: 30/11/12