Imtiaz Farookhi, NHBC Chief Executive, said: "It is encouraging that this month¿s figures yet again show steady improvement in house building, supporting what many in the industry are saying – that the worst may be over.
"However, these figures are still well below the buoyant levels we saw in late 2007 and it is still very difficult to predict when and to what extent recovery will come, especially as we enter the winter period. The coming months will be a testing time for the industry, and it may be some time before we can confidently say that the industry is in recovery."
NHBC statistics show that the vast majority of regions have improved on last month’s rolling quarter figures, and all regions have improved when compared with the same period in 2008. Unsurprisingly Greater London appears to be leading the way, with 4,167 registrations during the period August to October 2009, and many regions are now following. The North East, for example, showed a 306 per cent increase on the same period last year, and Merseyside a 120 per cent increase.
NHBC statistics for the three months to the end of October 2009 also show:
¦Recovery in the private sector continues. Private sector applications were up 45 per cent across the UK to 16,630 from 11,507 for the same period last year.
¦Public sector figures for the three months to the end of October were also up, at 8,266 – 3 per cent higher than the same period a year ago (8,041).
¦The average number of daily sales of new homes in the UK recorded by NHBC during August to October 2009 was 345 – just 8 per cent lower than the same period a year ago (375)
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