2011 new home registrations fall to just 115,020

Aaron Morby 10 years ago

New housing registrations fell again last year piling pressure on the Government to keep house building high on the political agenda.

After a year of Government measures to get housing sites moving again, new NHBC home registrations in 2011 fell in the UK to just 115,020, a dip on the previous year of 115,458 starts.

The Government is attempting to spur private house builders into action with its mortgage indeminty and buy now, pay later schemes as well as changing the delivery mechanism for public housing.

Despite this intervention, the number of registered new homes still languishes at nearly half the 2007 pre-recession high of 200,700 homes.

Following a relatively stable level of registrations through the first half of 2011, figures slumped 22% in the final quarter of last year to 21,152.

The biggest percentage falls were seen in social housing where spending cuts are starting to bite and new financing models have yet to kcik in.

NHBC Chief Executive Imtiaz Farookhi said: “While December is always a short month in which registrations inevitably dip, the last quarter of 2011 was particularly weak, with little sign of the cautious growth the industry experienced earlier in the year.

“Independent reports predict housing shortfalls over the coming years and a decline in the wider construction sector during 2012.”

He added: “Such figures are therefore a cause for concern and place even greater pressure on the successful delivery of the Government’s Housing Strategy.

“There is general consensus that the combined efforts of the housing and mortgage industries could have a positive effect on sentiment and volumes, but it is important not to underestimate the factors holding back new homes construction.

Small builders in particular were expected to continue to find the current situation difficult and need increased access to finance.

Already NHBC figures show that the number of small builders working in house building is lower than any time in the last 20 years.

“The question for 2012 therefore will be whether the Government’s measures will be enough to actually achieve volume growth or only serve to stabilise the market.

“Either way, it is critical that housing remains high on the Government’s agenda this year,” he added.

Latest news

Hinkley Point delayed another year as costs rise by £3bn

Covid blamed for construction delays and cost increases
22 hours ago

DfE to unveil plans for school procurement shake-up

Supply chain summit to be held next month in Birmingham on future of schools frameworks
1 day ago

Plan for £100m clifftop hotel and flats in Newquay

Developer Salboy's landmark scheme to go in for planning shortly
1 day ago

Top 30 M&E contractors set for growth – ranking

Major M&E firms prepare for work surge after riding out pandemic
1 day ago

Former Mace boss joins Taylor Wimpey board

Mark Castle takes on another non-exec role
1 day ago

ISG starts £28m duo of Yorkshire leisure centre jobs

Harrogate and Knaresborough leisure centre jobs get underway
1 day ago

HS2 workforce surges to 25,000 jobs milestone

Over 2,500 firms form the HS2 supply chain
1 day ago

Green light for 1.4m sq ft Yorkshire logistic hub

Work at the site, located 24 miles from Leeds city centre, is expected in September.
1 day ago

Contractors lift tender margins to 9% on bids in the Capital

Developer Landsec to press ahead with trio of London office schemes this year despite cost inflation
2 days ago

Fire safety work plunges Countryside to £182m loss

Countryside Partnerships forms dedicated division to handle retrofits on a 123 buildings
2 days ago

Site wages row looms as union dismisses “derisory” pay offer

Unions want 10% increases but employers offer less than 4%
2 days ago

Fusion wins Manchester high rise student block appeal

Planning inspector overturns city council refusal for 28-storey Deansgate block
2 days ago

Failed London fit-out specialist owed trade firms £13m

Twenty 1 Group owed HMRC £9.7m leaving more than 300 firms with no hope of payment
3 days ago

Demolition work imminent on half-built Taylor Wimpey flats

Angry local residents share pictures of site set to be torn down
2 days ago

B&K returns to strong profit growth across the group

Pre-tax profit jumps 23% to £65m as revenue edges up to £1.18bn
3 days ago

British Land expects tender price inflation to hit 10%

Developer says 91% of costs are fixed on planned schemes
3 days ago

Morgan Sindall set for £80m leisure and health hub

West Suffolk public service development to be built at no extra cost to tax payers
3 days ago

Plans in for £500m Hollow Mountain pumped hydro scheme

Work removing 2m tonnes of rock could start within two years
4 days ago

L&G to pump £4bn into West Midlands developments

West Midlands Mayor Andy Street signs landmark investment deal with L&G
3 days ago

Hunt starts for £250m Stockport 8 site developer

Town centre 8-acre site is earmarked for 1,200 homes, shops and leisure
4 days ago

Higgins bags trio of East London passivhaus schemes

Partnership to build 220 affordable homes for Newham council
4 days ago

Water industry revives PFI model for £1bn job

Vast Haweswater Aqueduct upgrade to pilot new DPC model, hailed as the future for water companies
4 days ago

VolkerRail fined £550,000 after trench collapse

Court hears how two metre deep excavation was unsupported
4 days ago

‘Ratty the Robot’ takes bite out of costly pipe inspections

Pipe-crawling tetherless robo-rat makes light work of complex underground inspections
4 days ago

Graham gets green light for £124m M25 Junction 28

Consent allows work to start this Autumn on Essex junction upgrade
5 days ago

Six win £600m panelised housing DPS deal

Better Building alliance of 29 housing associations signs up manufacturers
4 days ago

Watkin Jones reports record £2bn pipeline

Student rooms and BTR builder plans corporate name change in big rebrand
4 days ago

Race starts for £500m Scottish zero carbon hospital job

Bidding starts for new University Hospital Monklands near Airdrie
5 days ago

Manchester airport taxis out £60m terminal 2 pier job

Bidding to start before the end of 2022 for project start early next summer
5 days ago

Plan for 1,100-home complex at Leicester factory site

Galliford Try investments plots Corah Factory transformation
5 days ago

Contractor services