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Social housing numbers falling but signs of promise in private sector

New figures released today by NHBC have revealed that public sector housing registrations in the UK continue to fall, with social housing numbers down 41% for the rolling quarter March to May 2012, compared to the same period last year (7,090 in 2012 - 12,003 in 2011).

Registrations to build new homes in the private sector, the current engine for much-needed growth in the UK's overall housing supply, have also decreased (3%) from the same period last year (20,035 in 2012 - 20,559 in 2011). However, comparison against March - May 2011 is affected by the registration of approximately 2,800 London Olympic Village properties (split equally between the private and public sectors) during this period.  With these units taken out of the equation there was actually an increase of 5% within the private sector during this quarter and 33% decrease in the public sector.

Several regions did however experience overall growth over the last three months across, including the West Midlands (2,271 in 2012 - 1,879 in 2011) and Wales (1,286 in 2012 - 750 in 2011).

Commenting on the latest figures, Richard Tamayo, NHBC Commercial Director said: "Our registration statistics continue to show a divide between the direction of travel for private and public sector registrations in the UK - with social housing levels falling but slight increases in the private sector.

"It is clear the Government is maintaining its focus on increasing housing levels, as seen by Vince CabIe's recent housing crisis summit with Grant Shapps. It is critical that we also continue to monitor initiatives such as the NewBuy scheme to assess their success in increasing the number of new homes built across the UK."

NHBC UK statistics for March - May 2012 show that:

  • For the rolling quarter March - May 2012 the number of registrations was 27,125, a 17% decrease on the same period last year (32,562). Of these:
    • Private sector registrations in March - May decreased by 3% (20,035), compared with the same period in 2011 (20,559).
    • Public sector registrations in March - May decreased by 41% (7,090) when compared with the same period a year ago (12,003)

Full regional breakdown of total new homes registered March - May 2012 by region/country:

Region

Mar - May 2012

 Mar - May 2011

England - Regions

 

 

North East

784

750

North West

2,380

2,340

Yorkshire & the Humber

1,264

1,755

West Midlands

2,271

1,879

East Midlands

1,974

2,094

Eastern

2,923

3,788

South West

2,727

2,738

Greater London

4,033

9,164

South East

4,178

4,651

Totals for England

22,534

29,159

Scotland - Councils

2,848

2,167

Wales - Unitary Authorities

1,286

750

Northern Ireland - Counties

427

480

Isle of Man

30

6

Totals for UK

27,125

32,562

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

Media contact at NHBC

Nadia Bedra or James Hall
nbedra@nhbc.co.uk, 01908 746 734
jhall@nhbc.co.uk, 01908 746 738

News Date: 29/06/12