Social housing registrations down 54% on last year
The gap between private and public sector house building has widened still further after new figures showed a huge decrease in the number of registrations for new social housing homes in March.
The National House Building Council revealed that there were just 2,460 social housing registrations in March, 54 per cent fewer than in March 2011 (5,330). This compares with just a 10 per cent year-on-year drop for private registrations.
Over the whole of the first quarter of 2012, public sector registrations fell by 48 per cent, from 10,920 in 2011 to 5,690, while figures in the private sector showed a 6 per cent increase.
‘The figures for the first quarter of 2012, show the gap between private and public house building levels continues to grow,’ said Richard Tamayo, commercial director at NHBC. ‘Overall, figures for the first quarter of 2012 were down 13 per cent on the same period last year. Contributing to this decline was the registration of the London Olympic village properties in the first quarter of 2011 which significantly inflated the comparative figures.’
Regionally, new house registrations increased in some of the areas that have been worst hit by the economic downturn.
In the three months to the end of March, the north west of England and Yorkshire & the Humber regions both saw a slight increase in the number of registrations. However, the number in London fell by almost 50 per cent year-on-year for the same period.