House registrations rise on last year
A modest increase in new home registrations was recorded during May-July 2014 on the previous year's figures.The National House Building Council (NHBC) has released statistics that show 38,099 new homes were registered for the rolling quarter compared to 37,738 for the same period last year, representing a one per cent increase.Growth continued to be driven by the private sector, with numbers up nearly seven per cent for the rolling quarter compared to last year. There was a 14 per cent decline in public sector registrations, however, falling from 10,710 last year to 9,238 in 2014.July figures reveal a slight drop when compared with the same period a year ago, with 13,153 registrations this year against 13,539 for July 2013. It is still the second highest monthly total so far this year, however.There were some significant regional variations in the figures, with Greater London witnessing a fall in the number of registrations, from 7,917 in May-July 2013 to 6,546 during the same period this year.A decline was also seen in the south-east, from 6,203 last year to 6,056 this year, with the Eastern, Merseyside and North East regions also experiencing slight decreases.These were offset by gains in other areas, however, with particularly strong activity witnessed in the Midlands.A robust rise in registrations was recorded in the East Midlands, where they increased from 2,571 in May-July 2013 to 3,984 this year. The West Midlands, meanwhile, saw a rise from 2,795 to 3,211.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."
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