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TODAY'S OTHER NEWS

Bad news for Boris: a 9% slump in new homes registered

New figures released this morning by the National House Building Council show the number of new homes registered to be built in the UK during the last three months is nine per cent down on last year’s levels.

This is despite a significant increase in the affordable and rental sector, and despite much government emphasis on the political priority of increased house building.

In total 39,364 new homes were registered over the last three months compared to 43,403 a year ago.

In the private sector 27,916 homes were registered, 16 per cent down on the 33,110 of  12 months ago. 

Continuing the trend over recent months, the affordable and rental sector - which includes shared ownership and homes built for private, social or affordable rent - increased by 11 per cent compared to 2018 figures (11,448 v 10,293).

During the third quarter of 2019 there were increases in three out of 12 UK regions, with the West Midlands reporting a 52 per cent rise in registrations, a result of 1,200 plots registered in Birmingham for the 2022 Commonwealth Games Athletes’ Village.

“It’s great to see the strength of the affordable and rental sectors, whilst we would hope that the slowdown in private sector registrations is transient, and a function of short-term Brexit uncertainties” explains NHBC chief executive Steve Wood.

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