New home registrations nosedive 42%
Construction Enquirer
JULY 26, 2023
Latest new home registration figures have pointed to the true extent of the slowdown in building activity as interest rates hit a 15-year high. All new home registrations plunged 42% in the second quarter compared to the same period last year, with completions falling by 11%. Private home registration collapsed by just over half on a year ago. A total of 38,044 new homes were registered with the National House Building Council in the months of April, May and June, compared to 65,645 in the secon
Let's personalize your content