Fewer than 100,000 new homes have been registered built in the first three quarters of the year, falling well below the government’s target of building 200,000 this year. According to NHBC figures 93,870 new home registrations have been made- under half of what is needed, and with only one more quarter of the year to account for.
For the quarter July-September 2011, new UK homes registrations stood at 30,038, just over 400 more than the same period last year, but statistically 20,000 less than needs to be built if the government’s housing targets are to be met.
NHBC Chief Executive Imtiaz Farookhi said ‘Viewing the figures in absolute terms underlines the real scale of the challenge facing the whole house building industry.’ Farookhi stated that if the government’s reported figure of 230,000 homes was to be met, was going to require real concerted efforts.
‘The government needs to not only remain strong on policy already announced but must also be prepared for further assertive action if it becomes clear that house building volumes in the UK continue to remain at perilously low levels,’ he said.
Reduce house prices and cap rents. allowing ,movment in the markets. House builds can continue. Land prices should capped. Affordable to build and buy.
It should not be that diffcult to buy a house. we need them construction industry to keep moving. We will be buy houses from Tesco and Ikea shortly as they have a large Land bank.
everybody in the industry knows that the volumes of newly built homes will not reach 200,000 for some years to come ( maybe 6 or 7 years ? ) due to the constraints on mortgages, bank lending criteria to developers, job security and the whole fragility of the financial markets. who, in the government ( civil service ), and why are totally unrealistic targets set for the industry ? the targets should be realistic and stepped over a period of say 5 to 6 years to show to everybody that it has been thought about properly and not just an unachievable ( raising of Lazarus ! ) sentiment.