Public sector housing starts halved
The gap between public and private housebuilding is widening, according to latest figires from NHBC.
Registrations to build social housing were down 54% in March 2012 year on year to 2,460, compared with 5,330 in March 2011.
Private sector registrations to build new homes in March 2012 were down 10% year on year to 7,190, compared to 7,980 in March 2011, but private sector figures for the quarter were up 6% to 20,310 compared to 19,090 for Q1 2011.
Public sector registrations for Q1 2012 were down 48% to 5,690, compared to 10,920 in Q1 2011.
NHBC commercial director Richard Tamayo said: “The figures for the first quarter of 2012 show the gap between private and public house building levels continue to grow. Overall, figures for the first quarter of 2012 were down 13% on the same period last year. Contributing to this decline was the registration of the London Olympic village properties in the first quarter of 2011 which significantly inflated the comparative figures.
“Regionally, we saw continued growth in housing figures in areas such as northwest and northeast of England, which were particularly hard hit by the downturn. As 2012 progresses we should be able to monitor the impact of the measures announced in the government’s housing strategy which is aimed at giving a much needed boost to housing volumes.”
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This article was published on 27/04/2012 (last updated on 30/04/2012).