Affordable homes hit hardest by building slump
The number of new homes registered in the UK in the second quarter of the year fell by 24 per cent, according to new figures.
Data from the National House Building Council has revealed that in the three months to the end of June, 25,694 new homes were registered, down from 34,252 during the same period in 2011.
Public sector housing registrations fell 50 per cent in the quarter compared with 2011, following a similar fall recorded in the first three months of the year.
In the private sector, there were 11 per cent fewer registrations than last year. However, the NHBC described last June’s figures as ‘exceptionally buoyant’. Private registrations in April and May were ‘marginally higher’ than in 2011, according to the NHBC.
In the public sector, the fall in June alone was even more severe. Only 1,643 new homes were registered in the month, representing a 70 per cent decline from 5,536 in June 2011.
‘As the year progresses we must hope to see a rebound in social housing numbers as providers adapt to new methods of funding,’ said Richard Tamayo, commercial director at NHBC. ‘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.’
Regionally, Greater London saw the biggest fall in overall registrations, with the capital recording 54 per cent fewer new homes. Numbers were up however in the north west of England, east midlands and Wales.