27.07.12
Public sector home registrations fall by 49%
The number of new public sector home registrations has fallen by 49% over the past 12 months, according to new figures from the National House-Building Council (NHBC).
The second quarter of 2012 saw a fall of 24% for all homes registered, with a 49% drop in public sector registrations. There were 6,272 homes registered in the public sector from April-June 2012 compared to 12,212 for the same period in 2011.
This June 8,328 homes were registered, which was 43% lower than in 2011 with 14,565. 1,643 of these were in the public sector, representing a 70% drop from 2011 figures.
The area of England which saw the largest number of home registrations was the South East, whilst the lowest was found in the North East.
Richard Tamayo, NHBC commercial director said: “As the year progresses we must hope to see a rebound in social housing numbers as providers adapt to new methods of funding.
“Hopefully the decline in private registrations witnessed in June will, in hindsight, prove to be a statistical blip in what will otherwise be a period of sustained, if modest, private sector volume growth throughout the year.”
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