May 2004 new house-building statistics
UK NEW HOUSE BUILDING STATISTICS: MAY 2004
Statistics released today by NHBC reveal that the number of UK applications to build new homes in May 2004 decreased when compared with figures for May last year.
In May 2004 14,632 applications were made to start new homes in the UK by the combined public and private sectors, showing a four per cent decrease on the same month in 2003 (15,224). Private sector starts for the month decreased to 12,604 showing an eight per cent decrease on May 2003 (13,681). There were 2,028 UK housing association applications, showing a 31 per cent increase on May of the previous year (1,543).
Imtiaz Farookhi, chief executive of NHBC, says: "Despite a decrease in May in the number of applications to start new homes, NHBC statistics show that the number of registrations so far this year are close to the level of last year. Furthermore the average number of new homes sold each day in April and May show a substantial increase on the same months last year, indicating that there continues to be a demand for new homes."
New build completions for the combined public and private sectors totalled 13,177 in May 2004, a three per cent decrease on the same month last year (13,641).
Additional information from NHBC reveals that an average of 579 new homes were sold each day during May 2004, a 16 per cent increase on the same month last year (497).
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