Housebuilders’ hopes of a strong spring are beginning to blossom as figures released today showed new home registrations in January were 5 per cent up on last year.
The National House Building Council said 7,788 new homes were registered last month, compared to 7,400 in snow bound January 2010.
Private sector registrations fuelled the increase as they grew 18 per cent on last year but the overall numbers were tempered by a poor performance in the public sector as numbers fell 16 per cent.
NHBC chief executive Imtiaz Farookhi said: “2011 has got off to a promising start despite the uncertainty that is affecting much of the economy. However, it is important to bear in mind that home registrations for 2010 overall were lower than we might have hoped and completions were low as well.
Mr Farookhi said it was too early to judge how the rest of the year would pan out as the sector awaited important announcements on planning, public sector cuts and interest rates that will have “profound effect on the market”.
“It will be extremely interesting to observe the impact on housebuilder sentiment in the coming months now that more details on the New Homes Bonus have been published,” he added.
Rolling statistics for the quarter November 2010 to January 2011 showed private sector registrations were up 3 per cent to 17,188 when compared with the same period a year ago.
Public sector registrations were also up 3 per cent from 7,631 a year ago to 7,834 this quarter.
|Region||November 2010 to January 2011||November 2009 to January 2010|
|England - Regions|
|Yorkshire & the Humber||1,134||1,304|
|Totals for England||22,249||20,759|
|Scotland - Councils||1,712||1,835|
|Wales - Unitary Authorities||574||963|
|Northern Ireland - Counties||486||746|
|Isle of Man||1||12|
|Totals for UK||25,022||24,315|