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New home applications still below last year's levels

Latest year-to-date figures release today for new home registrations in the UK reveal that house building levels continue to fall, according to NHBC.

In August 2012, the number of new homes registered with NHBC dropped to 9,553, 4% below August last year (9,978) and taking overall year to date totals for 2012 to 72,740 applications; a 15% decrease on the same period in 2011 (85,120).

Commenting on the latest figures, Richard Tamayo, NHBC Commercial Director said: "Viewing new home registration figures in absolute terms, year to date, underlines the real scale of the challenge facing the whole house building industry at the moment.

"Just this month the Government announced a series of measures aimed at supporting the house building industry, in its capacity as a key driver for economic growth.

"These measures are certainly needed but their success will only be realised through a concerted effort by the industry and government to ensure they are taken forward. The continued undersupply of new housing means that the UK is missing out on a potential source of much needed economic growth; this obviously needs to be addressed."

NHBC UK statistics for June - August 2012 show that:

For the rolling quarter June - August 2012 the total number of registrations was 29,272, an 18% decrease on the same period last year (35,854). Of these:
* Private sector registrations in June - August decreased by 11% (21,594), compared with the same period in 2011 (24,315).
* Public sector registrations in June - August decreased by 33% (7,678) when compared with the same period a year ago (11,538)

Full regional breakdown of total new homes registered June - August 2012 by region/country:

Region June - August 2012 June - August 2011

England - Regions
North East 1,172 974
North West 2,316 2,254
Yorkshire & the Humber 1,692 1,932
West Midlands 2,149 2,507
East Midlands 2,311 2,132
Eastern 2,858 4,031
South West 3,737 3,480
Greater London 4,084 7,778
South East 5,319 6,190

Totals for England 25,638 31,278

Scotland - Councils 2,085 2,977

Wales - Unitary Authorities 1,108 1,065

Northern Ireland - Counties 422 528

Isle of Man 196

Totals for UK 29,272 35,854

T: 01908 746 734
E: nbedra@nhbc.co.uk
W: www.nhbc.co.uk

28th September 2012




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