Figures show 22% decline in new homes
There were 22 per cent fewer new homes registered in the UK in the three months to the end of July than in the same period last year.
However, monthly data from the National House Building Council showed that the rate of decline has slowed compared with last month, when the year-on-year fall was 24 per cent.
Public sector registrations were 42 per cent down on the same period last year, but again this shows an improvement on June’s figures which revealed a 50 per cent annual fall.
There were 28,854 new homes registered between May and July 2012, compared with 37,131 in the same three-month period in 2011.
In the public sector, there were 7,426 new homes registered compared with 12,891 last year.
Across both public and private developments, Greater London saw the biggest fall, with 48 per cent fewer homes registered.