Pipeline of new homes takes a fall

Thursday 5th July 2012

New figures from NHBC have revealed that registrations to build both private and public sector homes have fallen.

Social housing numbers were down 41% for the rolling quarter March to May compared with the same period last year (7,090 in 2012 – 12,003 in 2011).
 
Registrations to build new homes in the private sector decreased 3% from the same period last year (20,035 in 2012 – 20,559 in 2011).

However, last year there was the exceptional registration of about 2,800 London Olympic Village properties, split equally between the private and public sectors.

With these units taken out of the equation there was actually an increase of 5% within the private sector during this quarter and a 33% decrease in the public sector.