News and Events

VertDivider

House building industry looks to build on recovery in 2011

The severe December weather didn't dampen housebuilders' spirits, as the last quarter of the year saw an increase in new home registrations, according to NHBC.

Figures from NHBC for new home registrations in December 2010 show an increase on 2009 figures, with just over 7,385 registrations during the month (compared to 7,149 in 2009). These, added to the previous 11 months, mean year end numbers look set to end approximately 30% higher than overall registrations reported in 2009 (115,458 in 2010 compared with 88,083 in 2009).
 
Month on month, December 2010 figures were down on November 2010 - a traditional trend for the industry, reflecting a shorter month over the festive season.

Imtiaz Farookhi, chief executive of NHBC, said: "No one is popping champagne corks but there is a growing belief that the worst is now behind us and we're on the road to recovery.

"The pace and extent of that recovery really depends on factors out of the hands of the industry, such as mortgage availability and monetary pressures on consumers. These are the biggest obstacles that the house building sector now faces for the coming year."

NHBC statistics for the rolling quarter October - December 2010 show that:

  • Private sector registrations were up 1 per cent (to 18,551) when compared with the same period last year (18,393)
  • Public sector registrations were 8,711 - 13 per cent higher than the same period a year ago (7,685)
  • Registrations in the combined private and public sectors were 5 per cent up on the same period in 2009 (27,262, up from 26,078) 

NHBC publishes a quarterly booklet of its new house-building statistics - to subscribe visit www.nhbc.co.uk


Ends

Note to editors:

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

Region

October 2010 to  
December 2010

October 2009 to
December 2009

England - Regions

 

 

North East

1,041

690

North West

1,856

1,880

Yorkshire & the Humber

1,585

1,343

West Midlands

2,117

2,028

East Midlands

1,844

2,102

Eastern

3,647

3,165

South West

2,282

3,104

Greater London

4,620

3,281

South East

5,016

4,807

Totals for England

24,008

22,400

Scotland - Councils

1,917

1,965

Wales - Unitary Authorities

757

807

Northern Ireland - Counties

577

861

Isle of Man

3

45

Totals for UK

27,262

26,078

About NHBC

NHBC is the leading warranty and insurance provider for new homes in the UK. It was established 74 years ago as a non-profit distributing company. NHBC's primary purpose is to help raise standards to protect homeowners. NHBC's ten-year 'Buildmark' warranty covers approximately 80% of new homes built in the UK and currently protects around 1.6 million homes.

Media contact at MHP:

Kate Jones or Joanna Heald
kate.jones@mhpc.com, 020 3128 8130
joanna.heald@mhpc.com, 020 3128 8197

News Date: 28/01/11