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Shortage of homes threatens future generations of homeowners

Latest figures from NHBC show that the level of house building is stagnating, threatening to lock future generations out of owning a home.

In August 9,978 new homes were registered with NHBC - a drop from 11,310 the month before - and in August 2010, almost the same number of homes (9,954) were registered.

NHBC Chief Executive Imtiaz Farookhi said: "At a time of significant national debate about the planning process, our registration figures support what is increasingly being recognised by objective commentators. This is that the number of homes being built is simply too low to support the needs of the UK population.

"Insufficient supply inevitably leads to higher prices and this is creating a two tier Britain, split between those lucky enough to already own a desirable property and the younger generation who can see their own aspirations of home ownership dashed by unwillingness at local level to build the homes that would make that possible. It is impossible to see this as anything other than social divide. "

Five years ago in 2006, 185,000 new homes were built. In the first eight months of this year, that figure is more than 100,000 homes lower (72,827).

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

Note to editors:

NHBC statistics for August 2011 show that:

In August 2011, the number of new homes registered (9,978) was on a par with August 2010 (9,954) and;

  • 7,314 new homes were registered in the private sector, 8% up on August 2010 (6,777)
  • During the month 2,664 new homes were registered in the public sector (compared with 3,177 in 2010 - a 16% drop)

For the rolling quarter June - August 2011 the number of registrations was 20% higher (35,853) than the same period last year (29,855). Of these:

  • Private sector registrations were up 19% from 20,381 in June - August 2010, to 24,315 in the same period in 2011
  • Public sector registrations in June - August 2011 increased by 22% (to 11,538) when compared with the same period a year ago (9,474)

Full regional breakdown of new homes registered June to August 2011 by region / country:

Region

June 2011 to August 2011

June 2010 to August 2010

England - Regions

 

 

North East

974

1,114

North West

2,254

2,161

Yorkshire & the Humber

1,932

1,656

West Midlands

2,506

1,779

East Midlands

2,132

2,189

Eastern

4,031

3,692

South West

3,480

3,623

Greater London

7,778

4,363

South East

6,190

5,203

Totals for England

31,277

25,780

Scotland - Councils

2,977

1,934

Wales - Unitary Authorities

1,065

1,383

Northern Ireland - Counties

528

743

Isle of Man

6

15

Totals for UK

35,853

29,855

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: 30/09/11