House building levels need improvement

Imtiaz Farookhi, chief executive of NHBC, said: "We have seen growth in registration numbers; however, given the reduction in central Government funding for social housing, we will need to see an upturn in private demand if the increase in volumes is to continue over the next few years.
 
"In order for the UK to build the higher volumes identified by consecutive governments as required to meet population and household formation, difficult issues such as greater mortgage availablility and consumer confidence during current economic volatility will need to be addressed."

NHBC statistics for the rolling quarter May – July 2011 also show that:

– Private sector registrations were up 16% (to 23,996) when compared with the same period a year ago (20,679)
– Public sector registrations increased by 26%, from 10,092 to 12,720

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