New homes figures reveal true private/public sector divide
Published: 04 April, 2012
UK: Figures released by NHBC have shown that the gap between private and public sector registrations in the UK continues to expand, with social housing figures contracting year-on-year.
NHBC registration figures for the public sector decreased 20% in January 2012 compared with January 2011 and 58% in February 2012 year-on-year.
In contrast, private sector housing registrations have experienced consecutive increases this year, with a 9% rise in January followed by 27% in February, compared with the start of 2011.
In total, there has been a marginal 2% decrease in the number of homes across all sectors registered to date this year in the UK.
Commenting on the latest figures, Richard Tamayo, commercial director of NHBC, said: "As we near the end of Q1, our latest statistics have revealed a consistent start to the year, with both January and February reporting significant growth in the private sector but a concerning drop in social housing.
"The newly published National Planning Policy Framework and recently-announced first time buyers' mortgage initiative are both important steps in empowering the private sector – the current engine of growth for housing numbers, as our statistics indicate – to produce the volume of homes the country urgently needs. "