Sharp fall in London new home registrations

Aaron Morby 11 years ago
Share

New housing registrations in the Capital have fallen sharply for the first time since the housing recovery began, according to latest NHBC figures for May to July.

The 17% fall was offset by strong growth in the East Midlands and Yorkshire and Humber regions, helping registrations across the UK to record modest 1% growth to 38,099.

There were 1,372 fewer new home registrations at 6,546 than the comparable period a year ago in Greater London, mirroring a cooling in the capital’s housing market.

Across the country as a whole the private sector continued to lead housing growth, with private home registrations rising almost 7% to 28,861 during the three months compared to last year.

But public sector registrations over the same period fell 14% to 9,238, most likely due the winding down of the first phase of the government’s Affordable Housing Programme.

Registrations for July alone dropped slightly to 13,153 from 13,539 in 2013, again due to falling public registrations.

NHBC’s chief executive Mike Quinton said: “Our latest statistics continue the trend seen during the year to date, with monthly volumes remaining steady and consolidating on last year’s overall levels.

“As we have stressed in the past, this recovery has been from a historically low base, so the industry must continue to work hard to meet the demand for more new, quality homes.”

Region May –July 2014 May–July 2013 Change
North East 1,368 1,467 -7%
North West 2,616 2,313 13%
Merseyside 332 552 -40%
Yorkshire & the Humber 2,423 1,978 22%
West Midlands 3,211 2,795 15%
East Midlands 3,984 2,571 55%
Eastern 3,505 3,938 -11%
South West 3,924 3,961 -1%
Greater London 6,546 7,917 -17%
South East 6,056 6,203 -2%
Totals for England 33,965 33,695 1%
Scotland – Councils 2,454 2,762 -11%
Wales – Unitary Authorities 1,123 884 27%
Northern Ireland – Counties 516 360 43%
Isle of Man 41 37 11%
Totals for UK 38,099 37,738 1%

Latest news

Breyer Group files administration notice

Staff hope rival firm could buy assets and save jobs
2 hours ago

Former Severfield director takes helm at Embrace Steel

New CEO Martin Kelly aims to step up expansion of steelwork contractor
2 hours ago

£302m upgrade funding awarded to FE colleges – list

Cash shared out between England’s 179 college groups
2 hours ago

FK Facades thrives but construction arm hit by ISG row

Dispute with failed contractor costs specialist £5.5m
3 hours ago

Galliford Try gets go-ahead for Milton Keynes PRS tower

33-storey tower needs gateway 2 approval before work can start
21 hours ago

Small house builders get £150m funding for green homes

Developers will have to meet-up to ten new criteria to benefit from interest rate discounts
2 hours ago

Lendlease Construction renamed Bovis

US private equity firm completes £35m purchase of UK contracting business and rebrands
1 day ago

Breyer Group battles for survival as rivals circle

Housing maintenance firm fights three winding up petitions in a month
1 day ago

Careys facing £2.4m claim by developer over demolition cartel

Giant Hong Kong developer claims it was overcharged on Lots Road Power Station job
1 day ago

Multiplex profit drops a third as revenue rises to £780m

Spate of new orders sets contractor up for three years of work
1 day ago

Galliford Try and Breheny land latest Sizewell C road deals

More infrastructure deals for new nuclear power station
2 days ago

Worker trapped in collapsed septic tank pit

Contractor and director fined after worker suffers multiple fractures
1 day ago

Homes England buys stalled Broad Marsh site

Demolition to finally be completed as developer hunt begins
2 days ago

Vistry go-ahead for 353 homes at Rochester Riverside

Work to start on next phase of Kent town regeneration at end of this year
2 days ago

M&E firm J S Wright collapsed owing £19m

Trade creditors hit for £11.4m by employee-owned Midlands firm
2 days ago

Right to work checks to be extended to self-employed

Government plans crackdown on illegal working and rogue employers
2 days ago

Midlands developer turns to London with £1bn resi schemes trio

SevenCapital plans 1,000 flats in Kensington, Islington and the Isle of Dogs projects
2 days ago

Deck falls off huge scissor lift at Winvic site

Two men seriously injured as platform plunges to the ground
5 days ago

Weston targets Build to Rent with new division

Weston Partnerships signs first deals with asset managers and councils
2 days ago

Bouygues seals deal for £119m Cardiff college campus

Construction to start in June on two new buildings
5 days ago

£140m cash injection to speed-up flood defence schemes

Funding part of £2.65bn investment over the next two years
2 days ago

Bid race starts for £15bn schools framework refresh

DfE throws framework open to more contractors
5 days ago

Berkeley’s £600m Borough Triangle project approved

Controversial scheme features two towers of 38 and 44-storeys
6 days ago

London Mayor calls in blocked 600-bed student scheme

Refused 20-storey London PBSA block may still be built
5 days ago

HG to build 500-bed London Stratford student scheme

Work will start later this year subject to gateway 2 safety approval
6 days ago

Arrest after pedestrian death on construction site

Tragedy during site preparation works for new Wigan car park
5 days ago

British Steel threatens closure of Scunthorpe blast furnaces

Chinese owners say sectional steel and rail supplies will be maintained
6 days ago

Planning green light for Sheffield warehouse site

Existing factories to be demolished in new scheme for Rula Developments
5 days ago

New rail property company to unlock land for 40,000 homes

First four sites released in Newcastle, Cambridge, Manchester, and Nottingham
6 days ago

Drainage specialist Subscan files administration notice

Specialist employing 131 people files court notice
6 days ago

Contractor services