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

Kier wins first phase of £700m Warwick Uni campus build

Firm to start work on science and engineering precinct last this year
12 hours ago

Torsion and Khalbros to build new Leeds £1bn neighbourhood

Eastgate Quarter site acquired from Hammerson
12 hours ago

JCB to double size of US factory in wake of Trump tariffs

$500m Texas factory under construction to expand to 1m sq ft
13 hours ago

Green light for £2.4bn Luton Airport expansion

Government go-ahead to transform airport
13 hours ago

Diversification pays off for concrete frame specialist Statom

Strong results as £180m turnover firm expands into infrastructure sector
15 hours ago

Cardo in talks to buy Breyer roofing arm

More than 100 jobs could be saved at Breyer Roofing
20 hours ago

Quartet win £750m Wales & Western railway deal

Network Rail confirms partners for Reactive and Minor Works framework
20 hours ago

Plans in for £350m London Bridge life sciences hub

Snowsfields Quarter will consist of three buildings containing labs
21 hours ago

Surging labour costs push tender price forecast up

Pick-up in tender prices despite weak growth
21 hours ago

Permasteelisa wins cladding deal on Multiplex city tower

Facade specialist wins work on Fenchurch Street ‘hanging gardens’ tower
20 hours ago

Wates wins fit-out for Manchester First Street Hub

Smartspace arm secures another Government hub deal
2 days ago

Peel Ports reveals winners for £750m framework

18 firms win places on deal: Full list
2 days ago

Big trade names dropped in M Group rebrand

Acquisitive group formed from Morrison Utility services in 2016
2 days ago

Breyer Group files administration notice

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

Former Severfield director takes helm at Embrace Steel

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

£302m upgrade funding awarded to FE colleges – list

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

FK Facades thrives but construction arm hit by ISG row

Dispute with failed contractor costs specialist £5.5m
2 days ago

Galliford Try gets go-ahead for Milton Keynes PRS tower

33-storey tower needs gateway 2 approval before work can start
3 days 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 days ago

Lendlease Construction renamed Bovis

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

Breyer Group battles for survival as rivals circle

Housing maintenance firm fights three winding up petitions in a month
3 days 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
3 days ago

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

Spate of new orders sets contractor up for three years of work
3 days ago

Galliford Try and Breheny land latest Sizewell C road deals

More infrastructure deals for new nuclear power station
4 days ago

Worker trapped in collapsed septic tank pit

Contractor and director fined after worker suffers multiple fractures
3 days ago

Homes England buys stalled Broad Marsh site

Demolition to finally be completed as developer hunt begins
3 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
4 days ago

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

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

Right to work checks to be extended to self-employed

Government plans crackdown on illegal working and rogue employers
4 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
4 days ago

Contractor services