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House building declines

Figures released by the National House Building Council (NHBC) indicate that the overall level of house building declined during 2012 with 104,510 new homes registered during 2012 – a 9% decrease on 2011 (114,930).

This decline was entirely contributable to public sector housing registrations which dropped from 36,680 in 2011, to 26,390 in 2012.

However, the level of private house building in the UK was stable during 2012, with 78,120 new homes registered, compared to 78,250 in 2011.

Commenting on the annual statistics for 2012, NHBC director for Scotland Malcolm MacLeod said: β€œ2012 has seen registration levels in Scotland stabilise with overall levels revealing a slight decline compared with 2011. Figures for the private sector show that year-end results are virtually like for like versus last year, although public sector, as elsewhere across the UK, is significantly down on 2011.

β€œIn the last quarter of 2012 both the Mi New Home and the Funding for Lending initiatives were launched and will greatly assist first-time buyers to get onto the housing ladder. During 2013 the industry must work together even more to promote the benefits of new homes to ensure the aspirations of prospective homebuyers are met.”

 

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