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Home Building Levels Getting Back on Track

The house-building sector's recovery has thawed following the big freeze, with registrations for new homes in the month of February up 73 per cent (to 9,556) compared to last year (5,526), says NHBC.

Applications to build new homes across the UK during the three months December 2009 to February 2010 were up 66 per cent to 24,105, in comparison to 14,537 registrations for the same period last year.

The rate of recovery had dipped in January as extreme weather conditions impacted on registrations. But with spring approaching, the private sector appears to be showing signs of recovery. 

"As we enter the spring building season, there is a cautious optimism about the signs of improvement in the sector," said Imtiaz Farookhi, chief executive of NHBC.

"The average daily home sales are increasing when compared with this time last year, which given the difficulties surrounding mortgage availability is a positive statement of intent. There is a palpable sense of the property sector working together to do all it can to continue and sustain recovery."

NHBC statistics show that recovery was remarkably evenly spread across the UK, with almost all regions reporting higher levels of registrations for the three months December 2009 to February 2010 than the same period in 2008/9.

NHBC statistics for the three months to the end of February 2010 also show that the recovery is largely driven by the private sector, which was most affected by the recession.

  • Private sector applications at 16,669 for the three months to February 2010, were up 110 per cent when compared with the same period last year (7,931)
  • Public sector figures for the three months to the end of February were 7,436 - 13 per cent higher than the same period a year ago (6,606).

NHBC publishes a quarterly booklet of its new house-building statistics - subscribe here

Ends

Note to editors:

Full regional breakdown of new homes registered December 2009 to February 2010 by region / country:

Region

Dec 2009 to Feb 2010

Dec 2008 to Feb 2009

England - Regions

 

 

North East

908

402

North West

1,369

1,393

Yorkshire & the Humber

1,465

927

West Midlands

1,860

992

East Midlands

2,037

1,116

Eastern

3,017

2,301

South West

2,589

1,729

Greater London

2,787

1,398

South East

4,635

2,271

Totals for England

20,667

12,529

Scotland - Councils

1,814

982

Wales - Unitary Authorities

927

490

Northern Ireland - Counties

678

534

Isle of Man

19

2

Totals for UK

24,105

14,537

News Date: 26/03/10