Raising standards to protect homeowners
Statistics Show Continuing Rise in New Homes
Latest statistics from NHBC show the sixth rolling quarter on quarter rise in applications to start new homes in the UK.
During the three months June to August 2009 NHBC received 24,246 applications to build new homes in the UK, an increase of 2.5 per cent on the previous rolling quarter (23,661).
Around half of the regions across the UK showed an improvement on the last rolling quarter. The North East reported 16 per cent more registrations than the same period last year, compared with the period May to July 2009 when figures were 24 per cent less than in the same period of 2008.
Similarly, figures in Wales reveal 18 per cent more registrations during the three months to August 2009 (639) in comparison with the same period last year (540). With 3,182 new builds registered for the three months June to August 2009, Greater London was 29 per cent lower than the same period last year (4,512).
Imtiaz Farookhi, NHBC Chief Executive, said: "The sector is undergoing a period of consolidation after a very challenging year. The autumn is a significant time, as we will be able to take a view of the market in light of improving economic indicators and the resulting effect on the sector's confidence."
NHBC statistics for the three months to the end of August 2009 also show:
- Of the applications to start new homes in the combined private and public sectors in the UK during the three months to the end of August, 15,271 were related to private sector activity - 4 per cent higher than the same three-month period a year ago (14,665).
- Public sector figures for the three months to the end of August totalled 8,975 - 14 per cent lower than the same period a year ago (10,432).
- New build completions in the combined private and public sectors in the UK totalled 30,668 for the three months to the end of August 2009 - 25 per cent lower than the same period a year ago (40,955).
- The average number of daily sales of new homes in the UK recorded by NHBC during June to August 2009 was 342 - 25 per cent lower than the same period a year ago (458).
NHBC publishes a quarterly booklet of its new house-building statistics - to subscribe visit http://www.nhbc.co.uk/Builders/Shop/Publicationsforsale/
Ends
Note to editors:
(i) Full regional breakdown of new homes registered June to August 2009 by region / country:
Region |
June to August 2009 |
June to August 2008 |
Percentage Increase / (-) Decrease |
England - Regions |
|
|
|
North East |
749 |
646 |
16% |
North West |
1,393 |
973 |
43% |
Merseyside |
200 |
294 |
-32% |
Yorkshire & the Humber |
1,298 |
1,492 |
-13% |
West Midlands |
1,682 |
1,767 |
-5% |
East Midlands |
2,100 |
1,806 |
16% |
Eastern |
3,366 |
3,230 |
4% |
South West |
2,902 |
2,668 |
9% |
Greater London |
3,182 |
4,512 |
-29% |
South East |
4,106 |
4,415 |
-7% |
Totals for England |
20,978 |
21,803 |
-4% |
Scotland - Councils |
1,576 |
1,966 |
-20% |
Wales - Unitary Authorities |
639 |
540 |
18% |
Northern Ireland - Counties |
997 |
723 |
38% |
Isle of Man |
56 |
65 |
-14% |
Totals for UK |
24,246 |
25,097 |
-3% |
NHBC is the leading warranty and insurance provider for new homes in the UK. It was established more than 73 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 more than 80% of new homes built in the UK and currently protects approximately 1.6 million homes.
News Date: 28/09/09