April drop in new homes registrations
The number of new homes being registered took a 30 per cent tumble last month compared to last year’s performance, according to the latest figures
Data from the National House Building Council (NHBC) showed a significant fall in registrations despite a level performance for the year so far.
A total 8,414 new homes were registered in April compared to the 13,307 recorded in March. The March figure was boosted by 2,800 new homes at the London 2012 Olympics Athletes’ Village.
NHBC statistics for the period between February and April this year reported a seven per cent drop in private sector registrations and nine per cent drop in those for the public sector.
The organisation’s chief executive Imtiaz Farookhi said: ‘April’s registration figures were lower than those recorded earlier in the year, perhaps reflecting continued uncertainty within the market and the general lack of mortgage availability for consumers.
‘However, housebuilder sentiment seems to remain relatively high, as reflected in their announcements to the market. It will be interesting to see if these positive sentiments are reflected in registration numbers over the coming months, as we would anticipate.’
|Region||February 2011 to April 2011||February 2010 to April 2010|
|England - Regions|
|Yorkshire & the Humber||1,471||2,130|
|Totals for England||27,089||26,419|
|Scotland - Councils||2,094||2,547|
|Wales - Unitary Authorities||1,002||1,057|
|Northern Ireland - Counties||447||953|
|Isle of Man||6||62|
|Totals for UK||30,638||31,038|
The latest figures from industry monitor Glenigan have also indicated an increase in the total number of projects on hold this month.
As many as 227 projects – each with a value over £100 million – were put on hold last month with the largest increases reported in the private housing, leisure and retail sectors.