New housing statistics back up Government bid for more homes

NHBC’s latest year-to-date figures for new home registrations in the UK show there is still an urgent requirement for more homes, with statistics revealing a 12% decrease in the number of new homes registered so far this year, compared to the same period in 2011.

In total 89,600 new homes have been registered in the year to date, up to and including October 2012, compared to 101,600 for the same period last year.

The latest statistics follow the announcement at NHBC’s Annual Lunch last week by the Deputy Prime Minister Nick Clegg, where he vowed to provide increased support to the sector with a £225m funding boost, with an emphasis on establishing a new generation of locally-driven “garden cities”.

Commenting on the latest figures, Richard Tamayo, NHBC Commercial Director said: “Our figures show there remains a clear deficit in the number of new homes being built in the UK compared to last year. However, we are greatly encouraged by the Government’s recent commitment to back the industry and provide new funding, particularly to unlock almost 50,000 homes on stalled sites. It is an ambitious, but very necessary proposal and we look forward to seeing how it develops in the New Year.”

NHBC publishes a monthly booklet ‘The Housing Market Review’ of its new house-building statistics. To subscribe, visit www.nhbc.co.uk.