New build homes market in decline
March has seen a decrease in registration to build new homes across the UK with a continued divide between the private and public sector.
Housing is one of the major issues facing the UK, especially as the government sells off old council homes.
Figures released today by NHBC recorded a 54 per cent decrease in social housing new build registrations for March compared to the same time last year.
There were only 2,460 registrations in March this year whereas March 2011 saw a whopping 5,330.
Private sector registrations to build new homes were also down in March by ten per cent from the same time last year.
But figures for the quarter were up by six per cent.
Overall figures from the first quarter are down by 13 per cent on last year.
This is mostly due to the influx of registrations in the first quarter of 2011 for new builds in the London Olympic Village.
“The figures for the first quarter of 2012, show the gap between private and public house building levels continue to grow,” Richard Tamayo, commercial director of NHBC, said.
“Regionally, we saw continued growth in housing figures in areas such as North West and North East of England which were particularly hard hit by the downturn.
“As 2012 progresses we should be able to monitor the impact of the measures announced in the Government’s Housing Strategy which is aimed at giving a much needed boost to housing volumes”
