Latest news on New Builds!
publication date: Nov 22, 2011
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
Latest News on New Builds!
New Build Homes
With the government just setting out its latest housing strategy, NHBC's figures on new builds show the number of homes registered in the public sector was just 1,887 in October this year, 17 per cent lower than September (2,266). Compared with October 2010 (3,181), there has been a 41 per cent drop. Although year to date figures are up, the latest October figures suggest that although the new coalition government are trying to build more homes, to date, their policy of scrapping housing targets and shaving £4 billion off the house building budget the reverse has happened.
NHBC Head of Affordable Housing, Mehban Chowdery, said: "The total number of new home registrations this year is holding up compared with last year, but there has been a noticeable decline in the public sector in recent months compared to early summer."
According to NHBC, for calendar year to date the number of new homes registered (101,651) is 3% higher than the same period in 2010 (98,224) which is driven mostly by Private sector registrations. These were up 4% from 65,830 in 2010, to 68,364 year to date in 2011 while public registrations were up by 3%.
However this hides poor figures for the rolling quarter August - October 2011 where the number of registrations was down by 9% on the same period as last year. Of these, private sector builds were down by 1% but public sector were down by 25%!
NHBC show a full regional breakdown of new homes registered August to October 2011 by region/country:
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August 2011 to October 2011
August 2010 to October 2010
England - Regions
Yorkshire & the Humber
Totals for England
Scotland - Councils
Wales - Unitary Authorities
Northern Ireland - Counties
Isle of Man
Totals for UK
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