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Public sector home registrations rise

December 29th, 2010

big5Registrations for new public sector homes in September to November increased by 4 per cent on the figure for the same period last year.

National Housing Building Council statistics show a total of 8,968 new public homes compared with 8,609 the previous year.

The south east, the north west and London saw the biggest percentage increases, of 38, 37 and 31 per cent respectively, totalling 1,239 extra homes across the three regions.

The south west saw a fall of 36 per cent in public homes, from 1,241 to 792, while the figure for the east of England fell by nearly a third, from 999 to 688.

Scotland, Wales and Northern Ireland all saw public home registrations fall, with 352 fewer homes.

Imtiaz Farookhi, chief executive of the NHBC, said: ‘Now that the scope of the planned cuts is known, there seems to have been a slight bounce in consumer confidence which may allow the industry to build some momentum in the early part of 2011.

‘What the industry needs above all from government in the year ahead is clear and consistent policy and, in particular, positive measures to improve mortgage availability which is now clearly the major factor constraining volumes.’

Private sector registrations increased by 7 per cent, from 18,557 to 19,842.

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