NHBC reveals flat market

NHBC reveals flat market

The latest figures have shown that 28,151 new homes were registered over the last quarter 2012. The figure was 30,039 for the same period last year.

The private sector experienced a 7% decline, with social housing numbers down 5% against Q3 2011 figures.

Despite the year-on-year drop the figures represent a 9% increase compared to Q2.

Richard Tamayo, NHBC Commercial Director, said: "Recent measures announced by the Government are desperately needed but their success will only be realised through a collaborative effort between the industry and government.

“This will hopefully have a positive effect on the stagnation of overall housing levels in the UK."

Steven Lees, Director at SmartNewHomes, said: "A fall in the number of new home registrations year-on-year in the third quarter casts some doubt on the flurry of schemes announced this year which were intended to bring more new homes to buyers.

“Growing demand for homes, coupled with a fall in the number expected to be built this year means we need to see fewer grand ideas and more decisive action.”

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