NHBC logs fall in new home registrations
Oct 5 2010 by Henryk Zientek, Huddersfield Daily Examiner
HOUSEBUILDERS have reported a fall in the number of new home registrations.
The National House Building Council said 9,945 new homes were registered during August – down from 10,638 in July.
Figures from NHBC also showed that 29,855 new homes were registered during the quarter of June to August.
While this figure is lower than the previous rolling quarter, it is a significant improvement on the same period in 2009.
Imtiaz Farookhi, chief executive of NHBC, said: “The drop in registration figures this month, and the general fluctuations seen over the last six months, are not significant in themselves but reflect a period of ongoing uncertainty across the industry.
“It is difficult to predict how far spending cuts will impact on housing – and broader factors like employment and consumer confidence, especially in the north of England, which appear to be holding back volumes.
“Availability of funding, both to developers for the construction of homes, and in terms of mortgage finance on acceptable terms, is continuing to take its toll. Our figures suggest that the industry is essentially treading water at a level of activity which is still very low by historic standards.”
The quarterly figures showed that private sector registrations rose by 33% to 20,381 against a year ago with public sector registrations up by 6.4% to 9,474.