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12/08/2002
Second quarter drop in new building starts for NI
National House Building Council (NHBC) figures released last week have shown that the number of new home starts in Northern Ireland has fallen by 4% in the second quarter of 2002.
This compares to the overall UK-wide figure which show a dramatic increase of 22%.
The Northern Ireland figures reveal that 2,430 new homes were built this quarter compared to 2,525 during the same period last year.
Regionally, Northern Ireland is the only location is see a drop in new housing starts except for the Isle of Man. It is also the second quarter in succession that a decrease has occurred in the province. The first quarter revealed an 8% decrease in housing starts for 2002 (2,177) compared with the same quarter last year (2,373).
However, a spokesperson for NHBC said there was no cause for concern given that Northern Ireland's figures from the last quarter were way above average and subsequently were unlikely to be repeated this year.
The report also revealed a 10% increase in the average anticipated UK selling price of new homes (started by NHBC registered builders) at £153,000 during the second quarter of 2002 – compared to last year's figure of £139,000.
Based on actual selling prices, the proportion of homes priced at over £100,000 also went up to 73%, a 10-point increase on the same period last year.
(MB)
This compares to the overall UK-wide figure which show a dramatic increase of 22%.
The Northern Ireland figures reveal that 2,430 new homes were built this quarter compared to 2,525 during the same period last year.
Regionally, Northern Ireland is the only location is see a drop in new housing starts except for the Isle of Man. It is also the second quarter in succession that a decrease has occurred in the province. The first quarter revealed an 8% decrease in housing starts for 2002 (2,177) compared with the same quarter last year (2,373).
However, a spokesperson for NHBC said there was no cause for concern given that Northern Ireland's figures from the last quarter were way above average and subsequently were unlikely to be repeated this year.
The report also revealed a 10% increase in the average anticipated UK selling price of new homes (started by NHBC registered builders) at £153,000 during the second quarter of 2002 – compared to last year's figure of £139,000.
Based on actual selling prices, the proportion of homes priced at over £100,000 also went up to 73%, a 10-point increase on the same period last year.
(MB)
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