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Stable first half of the year for new home registrations

Latest data from NHBC reveals a steady level of new home registrations in the first six months of 2011, but shows there is still a way to go for the housing market.

According to the figures, housebuilders registered 9 % more new homes during the first half of this year compared to the same period in 2010 (63,832 Jan-Jun 2011 compared to 58,571 Jan - Jun 2010).

In Q1 2011, 30,012 new homes were registered (7 % higher than the comparable figure in 2010), a figure boosted by registrations for new homes at the Athletes' Village. Healthy registrations in June ahead of the summer building period also contributed to the number of registrations during Q2 2011 being 11% higher than Q2 2010 (33,820, Apr-Jun 2011 compared to 30,597, Apr-Jun 2010).

Imtiaz Farookhi, chief executive of NHBC, said:

"The number of new home registrations for the year to date has been positive and an increased number of registrations during quarter two has set the momentum ahead of the summer period. However, with mortgage lending still at historically low levels there remains uncertainty about whether new home sales levels will be sufficient to sustain this increased activity. We will therefore follow activity during the second half of this year with optimistic interest."

Statistics for the first half of 2011, from January - June, show that:

  • Private sector registrations were up 6% (to 40,700) when compared with the same period a year ago (38,389)
  • Public sector registrations were also up by 15%, from 20,182 to 23,132

NHBC statistics for the rolling quarter April - June 2011 show that:

  • Private sector registrations were up 8% (to 21,608) when compared with the same period a year ago (19,977)
  • Public sector registrations were also up by 15%, from 10,620 to 12,212

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

Note to editors:

Full regional breakdown of new homes registered March to May 2011 by region / country:

Region

April 2011 to June 2011

April 2010 to June 2010

England - Regions

 

 

North East

806

1,041

North West

2,381

2,377

Yorkshire & the Humber

1,903

2,294

West Midlands

2,100

2,456

East Midlands

1,941

2,494

Eastern

4,642

3,483

South West

3,199

3,876

Greater London

6,831

4,101

South East

5,833

4,082

Totals for England

29,636

26,204

Scotland - Councils

3,012

2,295

Wales - Unitary Authorities

613

1,101

Northern Ireland - Counties

555

917

Isle of Man

4

80

Totals for UK

33,820

30,597


Media contact at NHBC:

Nadia Bedra or Tom Howard
nbedra@nhbc.co.uk, 01908 746 734
thoward@nhbc.co.uk, 01908 746 735

News Date: 29/07/11