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Housebuilders Retain Hope in the Face of Cuts

An encouragingly consistent number of new home registrations during November signifies a return of hope among housebuilders at the end of 2010, according to NHBC.

Registrations for September to November 2010 were up seven per cent on the same period last year (28,910, up from 27,124). Figures look set to end the year with an improvement of more than 30 per cent from the previous year overall.

Imtiaz Farookhi, chief executive of NHBC, said: "The year started very brightly in comparison to last year, but tailed off as potential housebuyers awaited the outcome of the government's spending review in the autumn.  Now that the scope of the planned cuts is known, there seems to have been a slight bounce in consumer confidence which may allow the industry to build some momentum in the early part of 2011. 

"What the industry needs above all from government in the year ahead is clear and consistent policy and, in particular, positive measures to improve mortgage availability which is now clearly the major factor constraining volumes." 

NHBC statistics for the rolling quarter September - November 2010 show that:

  • Private sector registrations were up 7 per cent (to 19,909) when compared with the same period last year (18,617)
  • Public sector registrations were 9,001 - 6 per cent higher than the same period a year ago (8,507)
  • Registrations in the combined private and public sectors were 7 per cent up on the same period in 2009 (28,910, up from 27,124).

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

Note to editors:

Full regional breakdown of new homes registered September 2010 to November 2010 by region / country:

Region

September 2010 to November 2010

September 2009 to November  2009

England - Regions

 

 

North East

1,115

806

North West

2,337

2,063

Yorkshire & the Humber

1,763

1,264

West Midlands

2,251

1,912

East Midlands

2,267

1,976

Eastern

3,058

3,355

South West

2,664

3,453

Greater London

4,708

3,523

South East

5,042

4,547

Totals for England

25,205

22,899

Scotland - Councils

2,066

2,241

Wales - Unitary Authorities

832

857

Northern Ireland - Counties

804

1,042

Isle of Man

3

85

Totals for UK

28,910

27,124

News Date: 21/12/10