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17th November 2017
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New NHBC figures reveal decline in new home registrations during Q2 2012
New figures for Q2 2012 released today by NHBC reveal that new home registrations in the UK decreased by 24%, compared to the same period last year.
Following a contraction seen during Q1, public sector registrations declined 49% in Q2 2012 compared to the same period in 2011, bringing overall registration totals down across all new homes for the quarter.
Private sector registrations fell by 10%, with monthly figures for June 2012 failing to match last June's exceptionally buoyant figures - while April and May 2012 registrations were actually marginally higher when compared to the same months in 2011.
"As the year progresses we must hope to see a rebound in social housing numbers as providers adapt to new methods of funding," says Richard Tamayo, NHBC Commercial Director. "Hopefully the decline in private registrations witnessed in June will, in hindsight, prove to be a statistical blip in what will otherwise be a period of sustained, if modest, private sector volume growth throughout the year."
NHBC statistics for June 2012 show that:
In June 2012, the number of new homes registered (8,328) was 43% lower than June 2011 (14,565) and;
6,685 new homes were registered in the private sector, 26% down on June 2011 (9,029)
During the month, 1,643 new homes were registered in the public sector (compared with 5,536 in 2011 - a 70% drop
For the rolling quarter April - June 2012, the total number of registrations was 25,798 -24% down on the same period last year (33,820). Of these:
Private sector registrations in April - June decreased by 10% (19,526) compared with the same period in 2011 (21,608).
Public sector registrations in April - June decreased by 49% (6,272) when compared with the same period a year ago (12,212)
27th July 2012