The housebuilding industry is still waiting for the traditional autumn uplift in sales, according to NHBC’s latest figures.
The number of new homes registered with NHBC dropped slightly from 9.954 in August to 9,033 in September.
“Despite a strong performance in spring of this year, registration levels during the summer flattened out and there hasn’t been the traditional autumn uplift that perhaps many in the industry were hoping for,” said NHBC chief executive Imtiaz Farookhi.
He said consumers had adopted a “wait and see” policy due to concerns about the outcome of the spending review.
Mr Farookhi also said constraints with mortgage finance have only increased in light of a review by the Financial Services Authority.
Private sector registrations were up 32% to 20,594 for the third quarter, compared with a year ago, while public sector registrations were 6% higher.
For more details on NHBC’s quarterly statistics wee www.nhbc.o.uk.
