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First new home figures show little change on 2011

New figures released by NHBC have revealed a widening divide between public and private sector registrations in January 2012, with the total number of new homes registered throughout the month only marginally higher (7,831), compared to the same period last year (7,788).

Private sector registrations increased by 9 per cent (5,977, compared with 5,484), whereas, as in previous months, public sector registrations contracted year-on-year, with a 20 per cent decrease in January 2012 (1,854 compared with 2,304).

For the rolling quarter November - January 2012 the number of registrations across all sectors was 21,110 - 16 per cent lower than the same period last year (25,022) but some areas of the country bucked the trend. In the North West and North East of England, registrations levels increased 12 per cent and 39 per cent respectively.

Richard Tamayo, Commercial Director of NHBC, said:

"January 2012 volumes are, in aggregate, marginally up on January 2011 levels but with a slowing of activity in the public and social housing sectors.

A variety of economic headwinds such as consumer uncertainty and restricted access to both development and mortgage finance have combined to restrain the growth in new home production that the country desperately needs. Government has targeted measures at stimulating and supporting both private and public housing supply; the next few months should begin to give us an indication of how effective those measures will be.

NHBC statistics for January 2012 show that:

  1. In January 2012, the number of new homes registered (7,831) was 1% lower than January 2011 (7,788) and;
    • 5,977 new homes were registered in the private sector, 9% up on January 2011 (5,484)
    • During the month, 1,854 new homes were registered in the public sector (compared with 2,304 in 2011 - a 20% drop)

  2. For the rolling quarter November - January 2012 the number of registrations was 21,110, 16% down on the same period last year (25,022). Of these:
    • Private sector registrations in November - January decreased by 8% (15,863), compared with the same period in 2011 (17,188).
    • Public sector registrations in November - January decreased by 33% (to 5,247) when compared with the same period a year ago (7,834) 

  3. Full regional breakdown of new homes registered November 2011 to January 2012 by region/country:

Region

November 2011 - January 2012

November 2010 - January 2011

England - Regions

 

 

North East

926

828

North West

2,000

1,439

Yorkshire & the Humber

1,140

1,134

West Midlands

1,545

2,063

East Midlands

1,577

1,780

Eastern

1,968

3,838

South West

2,451

2,244

Greater London

2,977

4,649

South East

3,755

4,274

Totals for England

18,339

22,249

Scotland - Councils

1,716

1,712

Wales - Unitary Authorities

657

574

Northern Ireland - Counties

392

486

Isle of Man

6

1

Totals for UK

21,110

25,022

From March 2012 our Quarterly Statistics will be incorporated into NHBC's Housing Market Report - Subscribe here.

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: 27/02/12