Home / News / New home applications down by half

New home applications down by half

Applications from builders for building new homes dropped by more than 50% in the third quarter of 2008, compared with the same period last year, according to the National House Building Council.

New home applications down by half

NHBC figures show that there were only 23,185 applications in July, August and September, compared to 50,250 for the same period in 2007.

Housing associations fared best with a 5% rise from 9,374 to 9,827. Private housing was worst hit and saw a fall of 67%, going from over 40,000 applications last year to just 13,000 in the third quarter of this year.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

Check Also

Tobermore goes live with £10Million factory

Paving and walling manufacturer Tobermore has opened its new state-of-the-art production facility. The £10million factory …