New figures released by NHBC have revealed a widening divide between public and private sector registrations in January 2012, with the total number of new homes registered throughout the month only marginally higher (7,831), compared to the same period last year (7,788).
Private sector registrations increased by nine per cent (5,977, compared with 5,484), whereas, as in previous months, public sector registrations contracted year-on-year, with a 20 per cent decrease in January 2012 (1,854 compared with 2,304).
For the rolling quarter November – January 2012 the number of registrations across all sectors was 21,110 – 16 per cent lower than the same period last year (25,022) but some areas of the country bucked the trend. In the North East and North West of England, registrations levels increased 12 per cent and 39 per cent respectively.
Richard Tamayo, Commercial Director of NHBC, said:
“January 2012 volumes are, in aggregate, marginally up on January 2011 levels but with a slowing of activity in the public and social housing sectors.
“A variety of economic headwinds such as consumer uncertainty and restricted access to both development and mortgage finance have combined to restrain the growth in new home production that the country desperately needs. Government has targeted measures at stimulating and supporting both private and public housing supply; the next few months should begin to give us an indication of how effective those measures will be.”